DHL 2013 Annual Report Download - page 168

 Income taxes
 m
2012 2013
Current income tax expense – 591 – 604
Current recoverable income tax 4 198
–587 –406
Deferred tax expense from temporary differences 1 – 47 – 87
Deferred tax income from tax loss carryforwards 187 132
140 45
Income taxes – 447 –361
1 Prior-year amounts adjusted Note .
e reconciliation to the eective income tax expense is
shown below, based on consolidated net prot before income taxes
and the expected income tax expense:
Reconciliation
 m
2012 2013
Profit before income taxes 1 2,209 2,572
Expected income taxes – 658 –766
Deferred tax assets not recognised for initial
differences 6 20
Deferred tax assets of German Group companies
not recognised for tax loss carryforwards and
temporary differences 105 242
Deferred tax assets of foreign Group companies
not recognised for tax loss carryforwards and
temporary differences 141 51
Effect of current taxes from previous years –70 113
Tax-exempt income and non-deductible expenses – 42 – 87
Differences in tax rates at foreign companies 71 66
Income taxes – 447 –361
1 Prior-year amounts adjusted Note .
e dierence from deferred tax assets not recognised for
initial dierences is due to temporary dierences between the
carrying amounts in the  nancial statements and in the tax
accounts of Deutsche Post  that result from initial dierences
in the opening tax accounts as at  January . In accordance
with  . (b) and  . (b), the Group did not recognise
any deferred tax assets in respect of these temporary dierences,
which related mainly to property, plant and equipment as well as
to provisions for pensions and similar obligations. e remaining
temporary dierences between the carrying amounts in the 
nancial statements and in the opening tax accounts amounted to
 million as at  December  (previous year:  million).
e eects from deferred tax assets of German Group com-
panies not recognised for tax loss carryforwards and temporary
dierences relate primarily to Deutsche Post  and members of
its consolidated tax group. Eects from deferred tax assets of for-
eign companies not recognised for tax loss carryforwards and tem-
porary dierences relate primarily to the Americas region.
 million (previous year:  million) of the eects from
deferred tax assets not recognised for tax loss carryforwards and
temporary dierences relates to the reduction of the eective in-
come tax expense due to the utilisation of tax loss carryforwards
and temporary dierences, for which deferred tax assets had previ-
ously not been recognised. In addition, the recognition of deferred
taxes previously not recognised for tax loss carryforwards and of
deductible temporary dierences from a prior period reduced the
deferred tax expense by  million (previous year:  mil-
lion). Eects from unrecognised deferred tax assets amounting to
 million (previous year:  million, write-down) were due to
a valuation allowance recognised for a deferred tax asset. Other
eects from unrecognised deferred tax assets primarily relate to
tax loss carryforwards for which no deferred taxes were recognised.
A deferred tax asset in the amount of  million (previous
year:  million) was recognised in the balance sheet for com-
panies that reported a loss in the previous year or in the current
period as, based on tax planning, realisation of the tax asset is
probable.
In nancial year , as in the previous year, German Group
companies were not aected by tax rate changes. e change in
the tax rate in some foreign tax jurisdictions did not lead to any
signicant eects.
e eective income tax expense includes prior-period tax
expenses from German and foreign companies in the amount of
 million (tax income) (previous year: expense of  million).
e following table presents the tax eects on the compo-
nents of other comprehensive income:
164 Deutsche Post DHL 2013 Annual Report
Notes
Income statement disclosures
Consolidated Financial Statements