25 Income tax expenses
|
|
2021 |
|
2020 |
|
|
MCHF |
|
MCHF |
Current taxes |
|
125.2 |
|
113.9 |
Deferred taxes |
|
7.4 |
|
-1.9 |
Total income tax expenses |
|
132.6 |
|
112.0 |
The differences between income tax expenses computed at the weighted-average applicable tax rate of the Group of 15.2% (PY: 15.1%) and the effective income tax expenses were as follows:
|
|
2021 |
|
2020 |
|
|
MCHF |
|
MCHF |
Income tax expenses, at applicable rate |
|
135.3 |
|
114.1 |
Operating losses with no current tax benefit |
|
0.8 |
|
1.3 |
Offsetting of current profits against loss carryforwards without tax assets |
|
-1.2 |
|
-1.5 |
Changes in future tax rates |
|
-0.6 |
|
-1.5 |
Non-deductible expenses and non-taxable income, net |
|
2.5 |
|
1.8 |
Other |
|
-4.2 |
|
-2.2 |
Total income tax expenses |
|
132.6 |
|
112.0 |
In 2021, the position “Other” mainly includes tax benefits from the capitalisation of loss carryforwards following improved operational performance.