deferred taxes

Consolidation / Consolidation (FI-LC/EC-CS)

Due to the consolidation activities that take place, there is usually a difference between the group's yearly earnings and the sum of the earnings in the individual financial statements to be consolidated.

Deferred taxes are used for aligning the tax expenses of the individual financial statements with the group's earnings.

A prerequisite for tax adjustments or deferrals is the balancing of tax expenses that are too high or too low in future periods. In other words, deferred taxes must pertain to temporally limited differences of earnings.