7 Income tax
|
(CHF 1,000) |
|
2020 |
|
2019 |
|
Taxes for current year |
|
–759 |
|
–82,288 |
|
Taxes for prior years |
|
120 |
|
2,647 |
|
Total current income tax |
|
–639 |
|
–79,641 |
|
Deferred income tax on changes in temporary differences |
|
16,002 |
|
2,228 |
|
Total deferred income tax |
|
16,002 |
|
2,228 |
|
Total income tax |
|
15,363 |
|
–77,413 |
Income tax can be analysed as follows:
|
(CHF 1,000) |
|
2020 |
|
2019 |
|
Result before tax |
|
–84,482 |
|
386,558 |
|
|
|
|
|
|
|
Tax expense based on the statutory tax rate of 20.4% applicable at the parent company (2019: 20.4%) |
|
17,234 |
|
–78,774 |
|
Prior-period adjustments |
|
120 |
|
2,647 |
|
Effect of share of results of associates |
|
–82 |
|
20 |
|
Non-deductable expenses |
|
–1,029 |
|
–493 |
|
Current-year losses for which no deferred tax assets were recognised |
|
–1,939 |
|
–1,377 |
|
Effect of application of different income tax rates |
|
1,628 |
|
778 |
|
Foreign exchange differences |
|
–478 |
|
–111 |
|
Miscellaneous items |
|
–91 |
|
–103 |
|
Total income tax |
|
15,363 |
|
–77,413 |
