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Software AG GB 2012, englisch

SOFTWARE AG | ANNUAL REPORT 2012 184 [8] Net financial income/expense Financial income includes interest on financial assets in the amount of €7,324 thousand (2011: €4,341 thou- sand). Financial expense includes interest expenses for financial liabilities in the amount of €12,612 thou- sand (2011: €17,109 thousand). [9] Income taxes Taxes on income are broken down into the following categories: in €thousands 2012 2011 Current domestic taxes -17,440 -34,097 Current foreign taxes -55,948 -47,851 -73,388 -81,948 Deferred domestic taxes 6,524 7,834 Deferred foreign taxes 44 3,004 6,568 10,838 -66,820 -71,110 In Germany, a uniform corporate income tax of 15 percent applies. Based on the average municipal trade tax collection rate and a solidarity surcharge of 5.5 percent on corporate tax, the income tax rate for domes- tic companies was 31.22 percent starting in 2012 (2011: 31.21 percent). Tax rates abroad range between 10 and 39 percent (2011: between 10 and 39 percent). The tax expense in fiscal 2012 was 6 percent less than in the previous year.

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