(24) Income taxes and deferred taxes

In the current financial year, Borussia Dortmund generated tax income of EUR 342 thousand (previous year: EUR 2,630 thousand) as the result of a trade tax reimbursement.

The deferred tax assets and liabilities reported in the consolidated statement of financial position relate to the following items:

The income tax expense was made up as follows:

At the end of the reporting period, the Group had corporation tax loss carry-forwards amounting to EUR 118,937 thousand (previous year: EUR 44,270 thousand) and trade tax loss carry-forwards amounting to EUR 100,069 thousand (previous year: EUR 29,492 thousand) for which no deferred tax assets have been recognised. The tax loss carry-forwards have an unlimited carry-forward period.

The expected income tax expense which would theoretically result from applying the weighted average tax rate of 32.81% (previous year: 32.81%) can be reconciled with the actual income tax benefit reported in the consolidated statement of comprehensive income as follows: