25. Income tax expenses
|
|
2022 |
|
2021 |
|
|
MCHF |
|
MCHF |
Current taxes |
|
131.6 |
|
125.2 |
Deferred taxes |
|
-97.0 |
|
7.4 |
Total income tax expenses |
|
34.6 |
|
132.6 |
The differences between income tax expenses computed at the weighted-average applicable tax rate of the Group of 15.4% (PY: 15.2%) and the effective income tax expenses were as follows:
|
|
2022 |
|
2021 |
|
|
MCHF |
|
MCHF |
Income tax expenses, at applicable rate |
|
114.0 |
|
135.3 |
Tax losses with no current tax benefit |
|
0.0 |
|
0.8 |
Offsetting of current profits against loss carryforwards without tax assets |
|
-1.1 |
|
-1.2 |
Changes in future tax rates |
|
0.0 |
|
-0.6 |
Non-deductible expenses and non-taxable income, net |
|
-4.4 |
|
2.5 |
Other |
|
-73.9 |
|
-4.2 |
Total income tax expenses |
|
34.6 |
|
132.6 |
Geberit decided in 2022 to capitalise future benefits in its tax balance sheet, resulting in a deferred tax income from the capitalisation of a deferred tax asset of MCHF 86.0. This effect is included in the position “Other” and partially offset by the building of provisions for tax risks. In addition, the position “Other” includes tax benefits from the capitalisation of loss carryforwards following improved operational performance.