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Financial Assets (9) In CHF 1,000

Loans and deposits to third parties

2011

Interest rates in %

2010

Interest rates in %

1,286

0.0 – 4.0

1,223

0.0 – 4.0

Available-for-sale financial assets Bossard + Staerkle AG, Zug, 8 % (2010: 8 %) Others Total

290

290

35

35

1,611

1,548

Income Taxes (10) The tax expenses are made up as follows: In CHF 1,000

2011

2010

3,592

3,263

Deferred taxes

–230

–2,803

Total

3,362

460

Current taxes

The effective tax rate on the Group’s profit differs from the average basic tax rate of the various countries in which Bossard operates as follows: In %

Group’s average tax rate Non tax deductible expenses Non-taxable income

2011

2010

23.1

23.3

1.4

0.2

–3.1

–3.7

Expenses taxed at special rate

0.4

0.3

Utilization of previously unrecognized tax losses

0.4

– 4.6

–14.9

–13.3

–0.3

–1.2

7.0

1.0

Non-effective tax losses Others Effective tax rate

The Group’s average tax rate is the weighted average based on the various individual results and the local tax rates.

48

BOSSARD FINANCIAL report 2011 | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Annual Report 2011  

Bossard Annual Report 2011

Annual Report 2011  

Bossard Annual Report 2011

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