2019/2020
EUR 1,000

 

2018/2019
EUR 1,000

Current income taxes

 

27,304.2

 

32,494.6

Adjustment for deferred taxes

 

-1,470.5

 

-34,221.2

 

25,833.7

 

-1,726.6

Expenses for taxes on income are EUR 2,807.6 thousand lower (previous year: EUR 15,012.7 thousand lower) than the calculated expenses for taxes on income that result from applying the respective tax rates to the earnings before taxes on income. The reasons for the difference between the calculated and reported income tax expenses are as follows:

 

 

2019/2020
EUR 1,000

 

2018/2019
EUR 1,000

Earnings before taxes

 

127,045.0

 

55,674.6

Imputed tax expenses

 

31,164.7

 

13,286.1

Tax effects from

 

 

 

 

Tax-free earnings from companies measured at equity and tax-free investment income

 

-4,069.3

 

-3,586.9

Remeasurement at the fair value (see item 3.2)

 

 

-12,062.0

Other items

 

-1,261.7

 

636.2

Effective tax income/expenses

 

25,833.7

 

-1,726.6

Effective tax rate in %

 

20.3

 

-3.1

Temporary differences between the amounts recognised in the Consolidated Financial Statements and the respective taxable amounts have the following effects on the reported deferred taxes:

 

 

Assets

 

Liabilities

 

Net

 

 

2020
EUR 1,000

 

2019
EUR 1,000

 

2020
EUR 1,000

 

2019
EUR 1,000

 

2020
EUR 1,000

 

2019
EUR 1,000

Intangible assets

 

 

 

-22,942.7

 

-23,389.3

 

-22,942.7

 

-23,389.3

Property, plant and equipment

 

10,148.8

 

10,258.9

 

-33,679.2

 

-35,732.9

 

-23,530.4

 

-25,474.0

Financial assets

 

4,037.3

 

3,357.5

 

-6,644.6

 

-3,936.0

 

-2,607.3

 

-578.5

Other non-current assets

 

 

 

-1,550.4

 

-1,099.6

 

-1,550.4

 

-1,099.6

Provisions

 

37,172.9

 

37,726.2

 

-3,354.8

 

-2,090.5

 

33,818.1

 

35,635.7

Untaxed reserves

 

 

 

-14,674.5

 

-15,259.6

 

-14,674.5

 

-15,259.6

Construction cost subsidies

 

2,232.4

 

2,050.3

 

-2,364.4

 

-2,584.8

 

-132.0

 

-534.5

Other non-current liabilities

 

4,555.3

 

4,515.1

 

 

 

4,555.3

 

4,515.1

Hedge accounting

 

5,312.2

 

-427.7

 

 

 

5,312.2

 

-427.7

Leasing

 

17,244.8

 

 

-17,149.7

 

 

95.1

 

Outstanding write-downs to fair value

 

360.1

 

1,631.4

 

 

 

360.1

 

1,631.4

Other

 

7,940.1

 

4,230.1

 

-5,697.9

 

-3,267.1

 

2,242.2

 

963.0

Deferred tax assets/liabilities before offsetting

 

89,003.9

 

63,341.8

 

-108,058.2

 

-87,359.8

 

-19,054.3

 

-24,018.0

 

 

Balance 30.09.2020
EUR 1,000

 

Change in the scope of consoli­dation
EUR 1,000

 

Exchange differences
EUR 1,000

 

Recognised in equity
EUR 1,000

 

Recognised in profit
or loss
EUR 1,000

 

Balance 01.10.2019
EUR 1,000

Intangible assets

 

-22,942.7

 

-201.8

 

57.9

 

 

590.5

 

-23,389.3

Property, plant and equipment

 

-23,530.4

 

 

219.1

 

 

1,724.5

 

-25,474.0

Financial assets

 

-2,607.3

 

 

 

-1,290.4

 

-738.4

 

-578.5

Other non-current assets

 

-1,550.4

 

 

 

 

-450.8

 

-1,099.6

Provisions

 

33,818.1

 

 

-37.3

 

-890.4

 

-889.9

 

35,635.7

Untaxed reserves

 

-14,674.5

 

 

 

 

585.1

 

-15,259.6

Construction cost subsidies

 

-132.0

 

 

-5.1

 

 

407.6

 

-534.5

Other non-current liabilities

 

4,555.3

 

 

 

 

40.2

 

4,515.1

Hedge accounting

 

5,312.2

 

 

 

5,611.8

 

128.1

 

-427.7

Leasing

 

95.1

 

 

 

 

95.1

 

Outstanding write-downs to fair value

 

360.1

 

 

 

 

-1,271.3

 

1,631.4

Other

 

2,242.2

 

24.8

 

4.6

 

 

1,249.8

 

963.0

 

 

-19,054.3

 

-177.0

 

239.2

 

3,431.0

 

1,470.5

 

-24,018.0

 

 

Balance 30.09.2019
EUR 1,000

 

Change in the scope of consoli­dation
EUR 1,000

 

Exchange differences
EUR 1,000

 

Recognised in equity
EUR 1,000

 

Recognised in profit
or loss
EUR 1,000

 

Balance 01.10.2018
EUR 1,000

Intangible assets

 

-23,389.3

 

-10,263.5

 

0.8

 

 

867.8

 

-13,994.4

Property, plant and equipment

 

-25,474.0

 

 

2.7

 

 

45,952.5

 

-71,429.2

Financial assets

 

-578.5

 

8.4

 

 

-1,348.7

 

3,633.8

 

-2,872.0

Other non-current assets

 

-1,099.6

 

 

 

 

-531.5

 

-568.1

Provisions

 

35,635.7

 

889.6

 

-0.4

 

5,925.3

 

1,709.6

 

27,111.6

Untaxed reserves

 

-15,259.6

 

 

 

 

713.6

 

-15,973.2

Construction cost subsidies

 

-534.5

 

 

 

 

-18,932.2

 

18,397.7

Other non-current liabilities

 

4,515.1

 

 

 

 

2,815.2

 

1,699.9

Hedge accounting

 

-427.7

 

 

 

11,417.9

 

-0.6

 

-11,845.0

Outstanding write-downs to fair value

 

1,631.4

 

-8.4

 

 

 

-2,465.6

 

4,105.4

Other

 

963.0

 

-106.8

 

-55.4

 

7.9

 

458.6

 

658.7

 

 

-24,018.0

 

-9,480.7

 

-52.3

 

16,002.4

 

34,221.2

 

-64,708.6

No deferred tax liabilities were recognised for temporary differences of EUR 505,607.9 thousand (previous year: EUR 486,741.8 thousand) in connection with fully consolidated subsidiaries, joint ventures and associated companies.

Deferred taxes in the amount of EUR -1,290.4 thousand (previous year: EUR -1,340.8 thousand) pertain to changes in value of investments and securities FVOCI recognised outside of profit or loss; deferred taxes in the amount of EUR 5,611.8 thousand (previous year: EUR 11,417.9 thousand) pertain to changes in value from hedge accounting recognised outside of profit or loss.