The (Austrian) income tax rate of parent company Wiener Städtische Versicherung AG Vienna Insurance Group is used as the Group tax rate. EUR 178,146,000 in loss carryforwards was recognised, with an effect of EUR -43,939,000 on deferred tax assets (2007: EUR -1,699,000). EUR 94,604,000 in loss carryforwards was not recognised (2007: EUR 0). Deferred tax assets of EUR -18,361,000 (2007: deferred tax liabilities of EUR 26,454,000) were applied against the revaluation reserve with no effect on profit or loss. This amount represents the deferred taxes on the variance in available-for-sale financial instruments.
Compare to 2007