12. Income taxes

Income taxes

12. INCOME TAXES
     
EUR million 1 Jan–31 Dec 2016 1 Jan–31 Dec 2015
Current taxes 23.6 22.6
Change of deferred taxes 6.9 6.5
Taxes for prior years -0.9 -0.3
Total taxes in income statement 29.6 28.8
     
Income tax reconciliation    
Profit before taxes 136.8 119.3
Tax calculated at the domestic corporation tax rate of 20% 27.4 23.9
Effect of different tax rates in foreign subsidiaries 2.1 1.6
Taxes for prior years -0.9 -0.3
Income not subject to tax due to tax exemption -1.1 -
Expenses not deductible for tax purposes 1.8 1.4
Realisability of deferred tax assets -2.4 0.3
Deferred tax resulting from change in tax rate - 0.6
Tax on foreign dividend distribution 3.9 0.4
Share of joint ventures´ results reported net of tax -0.6 -0.8
Other items -0.6 1.7
Income taxes in the consolidated income statement 29.6 28.8
     
Effective tax rate, % 21.6 24.1
     
The tax charge/credit relating to components of other comprehensive income
 
  1 Jan–31 Dec 2016 1 Jan–31 Dec 2015
Deferred tax    
Employee benefits (IAS 19) 0.6 -2.5