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NOTE 10

Income tax expenses

€ million	2011	2010
Current tax	-77.3	-133.0
Tax for prior years	-2.3	0.7
Deferred tax	-5.6	35.6
Total	-85.2	-96.7
Reconciliation between tax expense and tax calculated at domestic rate
Profit before tax	282.1	312.4
Tax at parent's rate (26%)	-73.4	-81.2
Effect of foreign subsidiaries' different tax rates	3.2	3.3
Effect of income not subject to tax	1.1	1.2
Effect of expenses not deductible for tax purposes	-9.9	-7.5
Effect of tax losses	-9.3	-11.7
Effect of consolidation	0.2	-3.5
Tax for prior years	-2.3	0.7
Adjustment of deferred tax in respect of prior years	-0.2	0.2
Effect of change in tax rate	4.7	-
Others	-0.7	1.9
Tax charge	-85.2	-96.7

 

The impact of the corporation tax rate change in Finland and Belarus, effective 1 January 2012, is €4.7 million.