Income taxes
| Download XLS (23 kB) |
|
(€ million) |
2011 |
2012 |
2013 |
Change |
% Change |
|
Current taxes |
786 |
726 |
793 |
67 |
9.2 |
|
(Prepaid) deferred taxes |
|
|
|
|
|
|
Deferred taxes |
(79) |
(127) |
(87) |
40 |
(31.5) |
|
Prepaid taxes |
11 |
(6) |
(16) |
(10) |
|
|
|
(68) |
(133) |
(103) |
30 |
(22.6) |
|
Deferred tax adjustment at 31 December 2010 (special item) |
188 |
|
|
|
|
|
Tax rate (%) |
53.4 |
43.2 |
42.9 |
(0.3) |
|
|
|
906 |
593 |
690 |
97 |
16.4 |
Income taxes (€690 million) increased by €97 million, or 16.4%, compared with 2012, due mainly to the increase in pre-tax profit (+€235 million) on 2012.
The tax rate was 42.9% (43.2% in 2012). The decrease was due essentially to higher financial expense in 2012, non-deductible for IRAP purposes.