Porsche 2011 Annual Report Download - page 177

[6] Finance revenue
€ million 2011 SFY 2010
Interest income on loans issued by joint ventures 181 75
Other interest and similar income 8 6
189 81
Finance revenue contains interest income of €189 million (prior year: €80 million) from financial
instruments that are not measured at fair value through profit or loss.
[7] Income tax
The income tax expense (+) and income (–) disclosed breaks down into:
The overall income tax rate for the German entities is 30% (prior year: 30%). The tax rate applied for
the foreign subsidiary is 12.5% (prior year: 12.5%). There were no changes to the tax rates in either reporting
period.
Previously unused tax losses on which no deferred tax assets were recognized amount to €2,293
million (prior year: €2,110 million) and are unforfeitable.
Deductible temporary differences on which no deferred taxes were recognized amount to €1 million in
the reporting period (prior year: €30 million).
€ million 2011 SFY 2010
Current tax income/expense, Germany – 42 – 648
Current tax income/expense, other countries 3 1
Current tax income/expense – 39 – 647
thereof income/expenses relating to other periods – 42 – 648
Deferred tax income/expense, Germany 8 0
Deferred tax income/expense, other countries 0 0
Deferred taxes 8 0
Income tax – 31 – 647
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