4 - Refresco.de

5.7 Income tax (expense) / benefit
The composition was as follows:
EUR’000
2009 2008
Current tax expense
Current period (6,047) (3,962)
Under / (over) provisions in prior years 1,745 3,479
(4,302) (483)
Deferred tax expenses
Origination and reversal of temporary differences 3,756 7,429
Change in tax rate (26) (568)
Previously unrecognized deductible temporary differences 75 0
Utilization of tax losses recognized (3,965) (2,479)
Recognition of previously unrecognized tax losses 533 0
Under / (over) provisions in prior years 208 (782)
581 3,600
Total income tax (expense) / benefit (3,721) 3,117
EUR’000
Reconciliation of effective tax rate
2009 2008
Profit / (loss) before income tax 11,414 (16,900)
Income tax (expense) / benefit (3,721) 3,117
Profit / (loss) 7,693 (13,783)
2009 2008
EUR’000 % %
Income tax using the Company’s domestic tax rate 25.5% (2,911) 25.5% 4,310
Effect of tax rates in foreign jurisdictions 22.1% (2,522) (5.0%) (845)
Reduction in tax rate 0.2% (23) (3.4%) (575)
Non-deductible expenses 3.1% (354) (13.4%) (2,265)
Non-taxable income (2.4%) 274 7.3% 1,234
Recognition of previously unrecognized tax losses 1.5% (171) (4.5%) (761)
Current year losses for which no deferred tax asset
was recognized
2.6% (297) (2.4%) (406)
Under / (over) provisions in prior years (20.0%) 2,283 14.4% 2,425
Total income tax (expense) / benefits 32.6% (3,721) 18.4% 3,117
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