In financial year 2022/2023, EUR 1,230 thousand in tax expenses (previous year: EUR 1,691 thousand) was reported under taxes on income.
The deferred tax assets and liabilities reported in the consolidated statement of financial position relate to the following items:
EUR '000 |
|
Net as at 30/06/2022* |
|
Recognised in profit or loss |
|
Net as at 30/06/2023 |
|
Deferred tax assets |
|
Deferred tax liabilities |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
|
|
|
||||
Intangible assets |
|
-5,369 |
|
-16 |
|
-5,385 |
|
0 |
|
-5,385 |
||||
Property, plant and equipment |
|
-8,223 |
|
-1,029 |
|
-9,252 |
|
0 |
|
-9,252 |
||||
Trade receivables and other assets |
|
1,368 |
|
505 |
|
1,873 |
|
1,873 |
|
0 |
||||
Trade payables |
|
3,788 |
|
-4,496 |
|
-708 |
|
0 |
|
-708 |
||||
Tax loss carry-forwards |
|
8,436 |
|
5,036 |
|
13,472 |
|
13,472 |
|
0 |
||||
Total |
|
0 |
|
0 |
|
0 |
|
15,345 |
|
-15,345 |
||||
|
||||||||||||||
EUR '000 |
|
Net as at 30/06/2021 |
|
Recognised in profit or loss |
|
Net as at 30/06/2022* |
|
Deferred |
|
Deferred tax liabilities |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
|
|
|
||||
Intangible assets |
|
3,824 |
|
-9,193 |
|
-5,369 |
|
0 |
|
-5,369 |
||||
Property, plant and equipment |
|
-7,192 |
|
-1,031 |
|
-8,223 |
|
0 |
|
-8,223 |
||||
Trade receivables and other assets |
|
194 |
|
1,174 |
|
1,368 |
|
1,368 |
|
0 |
||||
Trade payables |
|
-15,197 |
|
18,985 |
|
3,788 |
|
3,788 |
|
0 |
||||
Tax loss carry-forwards |
|
18,371 |
|
-9,935 |
|
8,436 |
|
8,436 |
|
0 |
||||
Total |
|
0 |
|
0 |
|
0 |
|
13,592 |
|
-13,592 |
||||
|
||||||||||||||
The income tax expense was made up as follows:
EUR '000 |
|
2022/2023 |
|
2021/2022* |
||||
|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
||||
Income taxes |
|
|
|
|
||||
Current period |
|
-1,222 |
|
-1,815 |
||||
Prior period |
|
-8 |
|
124 |
||||
|
|
|
|
|
||||
Deferred tax benefit/expense in connection with |
|
|
|
|
||||
the creation or reversal of temporary differences |
|
-5,036 |
|
9,935 |
||||
Tax loss carryforwards not yet utilised |
|
5,036 |
|
-9,935 |
||||
|
|
-1,230 |
|
-1,691 |
||||
|
||||||||
At the end of the reporting period, the Group had corporation tax loss carry-forwards amounting to EUR 140,236 thousand (previous year: EUR 155,160 thousand) and trade tax loss carry-forwards amounting to EUR 111,098 thousand (previous year: EUR 126,706 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:
EUR '000 |
|
2022/2023 |
|
2021/2022* |
||||
|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
||||
Consolidated net profit before income taxes |
|
10,780 |
|
-30,197 |
||||
Theoretical tax rate in % |
|
32.81 |
|
32.81 |
||||
|
|
|
|
|
||||
Expected tax expense/benefit from income taxes |
|
-3,537 |
|
9,908 |
||||
|
|
|
|
|
||||
Effects from tax additions and subtractions |
|
438 |
|
-2,025 |
||||
Change in ability to utilise tax loss carry-forwards |
|
3,099 |
|
-7,883 |
||||
Prior-year taxes |
|
-8 |
|
124 |
||||
Other tax effects |
|
-1,222 |
|
-1,815 |
||||
Tax payment as reported in the consolidated statement of comprehensive income |
|
-1,230 |
|
-1,691 |
||||
Actual tax rate in % |
|
11.41 |
|
5.60 |
||||
|
||||||||