Audi 2010 Annual Report Download - page 212

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EUR 1,160 (673) million of the actual income tax expense was passed on by Volkswagen AG.
The actual taxes in Germany are calculated at a tax rate of 29.5 (29.5) percent. This represents
the sum of the corporation income tax rate of 15.0 percent, the solidarity surcharge of
5.5 percent and the average trade earnings tax rate for the Group. The deferred taxes for com-
panies in Germany are calculated at a rate of 29.5 (29.5) percent. The local income tax rates
applied to foreign companies range from 0 percent to 41 percent.
The effects arising as a result of the tax benefits on research and development expenditure in
Hungary are reported under tax-exempt income in the reconciliation accounts.
There are loss carryforwards totaling EUR 135 (104) million, of which the amount of
EUR 50 (46) million can be used indefinitely. The realization of tax losses led to a reduction in
current income tax expense of EUR 1 (2) million in the 2010 fiscal year. Deferred tax assets of
EUR 106 (160) million were not reported due to impairment. Of this amount, unused tax loss
carryforwards accounted for EUR 10 (7) million, and tax relief for EUR 96 (153) million.
The reporting and measurement differences in the individual Balance Sheet items can be attri-
buted to the following deferred tax assets and liabilities carried in the Balance Sheet:
EUR million Dec. 31, 2010 Dec. 31, 2009 Dec. 31, 2010 Dec. 31, 2009
Deferred tax assets Deferred tax liabilities
Intangible assets 112 100 524 476
Property, plant and equipment 365 279 235 224
Long-term investments 158 157 1 –
Inventories 64 61 36 41
Receivables and other assets 179 37 230 226
Other current assets 73 50 – –
Provisions for pensions 140 105 3 1
Other provisions 908 878 – 0
Liabilities 181 121 4 3
Loss carryforwards 27 18 – –
Gross value 2,207 1,806 1,032 971
of which non-current 1,458 1,272 685 580
Offsetting measures – 1,010 – 931 – 1,010 – 931
Consolidation measures 150 44 0 5
Carrying amount 1,347 919 22 45
Deferred taxes are explained in detail in the recognition and measurement principles.