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Software AG GB 2013. englisch

[8] Net financial income/expense Financial income includes interest on financial assets in the amount of €8,362 thousand (2012: €7,324 thousand). ­Financial expense includes interest expenses for financial liabilities in the amount of €15,858 thousand (2012: €12,612 thousand). [9] Income taxes Taxes on income are broken down into the following categories: 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 domestic companies will be 31.13 percent starting in 2013 (2012: 31.22 percent). Tax rates abroad range between 10 and 40 percent (2012: ­between 10 and 39 percent). The income tax expense of €56,001 thousand (2012: €66,820 thousand) for fiscal year 2013 was €3,150 thousand in € thousands 2013 2012 Current domestic taxes −12,721 −17,440 Current foreign taxes −53,989 −55,948 −66,710 −73,388 Deferred domestic taxes 3,284 6,524 Deferred foreign taxes 7,425 44 10,709 6,568 -56,001 -66,820 lower than the expected income tax expense of €59,151 thousand (2012: €72,273 thousand) that resulted from applying the domestic tax rate of 31.13 percent (2012: 31.22 percent) currently applicable at Group level. The Group’s effective tax rate was 29.47 percent (2012: 28.86 percent). The difference between the expected and current income tax expense can be attributed to the following: [10] Other taxes Other taxes dropped €931 thousand to €7,091 thousand (2012: €8,022 thousand) and included royalty-related indi- rect taxes in Brazil, property taxes, vehicle taxes and other indirect taxes. in € thousands 2013 2012 Earnings before income tax 190,012 231,497 Expected income tax (31.13%; 31.22%) -59,151 -72,273 Difference vs. foreign tax rates and changes in tax rates -921 -3,705 Aperiodic income tax effects 3,437 8,314 Tax increases due to tax-exempt income or non-tax deductible expenses -2,347 1,161 Use of tax loss carryforwards and changes in valuation adjustments to deferred tax assets 6,507 1,288 Non-deductible foreign and withholding taxes -3,415 -939 Other adjustments -111 -666 Reported income tax expense -56,001 -66,820 Software AG | Annual Report 2013 152 Letter from the Management Board About Software AG Software AG ShareHighlights 2013

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