Income Statement Infratek ASA
|
NOTE 7
|
TAX EXPENSE
|
|
|
Amounts in thousand NOK
|
2012
|
2011
|
|
Pre-tax profit
|
44 591
|
75 611
|
|
Permanent differences
|
(70 415)
|
(95 671)
|
|
Non-taxed gain on sales of shares
|
-
|
-
|
|
Non-taxed Group contribution recognized as financial income
|
76 074
|
-
|
|
Pension recognized in equity
|
5 857
|
-
|
|
Change in temporary differences
|
(12 439)
|
(1 704)
|
|
Tax basis before application of loss carryforward
|
43 668
|
(21 764)
|
|
Applied tax loss carryforward
|
(21 764)
|
-
|
|
Taxable income
|
21 904
|
(21 764)
|
|
Specification of tax expense for the year:
|
||
|
Tax payable
|
(6 133)
|
-
|
|
Tax on share issue expenses recognized in equity
|
-
|
(332)
|
|
Tax effect of pension recognized in equity
|
1 640
|
-
|
|
Change in deferred tax asset (recognized)
|
(7 937)
|
6 184
|
|
Ordinary tax expense
|
(12 430)
|
5 852
|
|
Taxation rate, 31 December
|
28%
|
28%
|
|
Amounts in thousands NOK
|
2012
|
2011
|
|
Deferred tax/deferred tax benefit:
|
||
|
Pension liabilities
|
(2 611)
|
3 971
|
|
Temporary differences that affect tax payable:
|
(2 611)
|
3 971
|
|
Tax loss carryforward
|
-
|
21 764
|
|
Basis, deferred tax/(deferred tax benefit)
|
(2 611)
|
25 735
|
|
Deferred tax/(deferred tax benefit)
|
731
|
(7 206)
|
|
Reconciliation of effektive tax rate:
|
||
|
Amounts in thousand NOK
|
2012
|
2011
|
|
Pre-tax profit
|
44 591
|
75 611
|
|
Expected tax expense, 28% nominal taxation rate
|
(12 485)
|
(21 171)
|
|
Incorrect tax cost 2010
|
-
|
(332)
|
|
Effect of non-taxed Group contribution
|
-
|
27 286
|
|
Impact of reversed pension effect recognized in OCI
|
-
|
568
|
|
Effect of permanent differences
|
55
|
(499)
|
|
Tax expense
|
(12 430)
|
5 852
|
|
Effective tax rate
|
27,9 %
|
7,7 %
|
