Porsche 2007 Annual Report Download - page 153

150
To our shareholders
The Company
The new Panamera
Financials
The following reconciliation shows the differences between the theoretical income tax expense
expected based on the calculated tax rate and the current income tax expense:
The deferred tax assets and liabilities break down by balance sheet item as follows:
[11] Profit attributable to minority interests
The change in minority interests is made up of the profit attributable to minority interests
amounting to EUR 13,561 k (prior year: EUR – 10,519 k).
EUR000 2007/08 2006/07
Profit before tax 8,569,000 5,857,000
Group tax rate 30% 39%
Expected income tax expense 2,570,700 2,284,230
Tax rate related differences – 42,888 – 135,132
Difference in tax base – 369,471 – 467,676
Recognition and measurement of deferred taxes 18,566 5,938
Taxes relating to other periods – 3,252 – 70,454
Other differences 3,345 – 1,906
Reported income tax expense 2,177,000 1,615,000
Deferred tax assets Deferred tax liabilities
EUR000 31/ 7/2008 31/ 7/2007 31/ 7/2008 31/ 7/2007
Intangible assets, property, plant and equipment,
leased assets and financial assets 94,726 86,410 151,918 245,132
Other assets 61,305 71,047 565,889 539,034
Unused tax losses and tax credits 8,404 5,832 00
Provisions 122,226 180,548 50 2,145
Liabilities 25,537 124,302 586,619 292,867
Subtotal 312,198 468,139 1,304,476 1,079,178
Adjustments – 877 – 5,943 00
Offsetting – 300,589 – 451,813 – 300,589 – 451,813
Consolidation 83,925 64,731 11,086 – 14,539
Balance pursuant to consolidated balance sheet 94,657 75,114 1,014,973 612,826