Taxes are recognised in the income statement, except insofar as they relate to items recognised directly in equity.
The tax on the result for the reporting period comprises payable corporate income tax, deferred corporate income tax, and corrections from previous years. The corporate income tax that Enexis Holding N.V. charges to the group companies in the tax group is offset with these amounts. Corporate income tax is settled with the underlying group companies based on realised commercial results taking into account the applicable exemptions and non-deductible amounts.
|
€ Million |
2023 |
2022 |
|
Corporate income tax expense |
13 |
4 |
|
Total corporate income tax expense |
13 |
4 |
Corporate income tax over 2033 amounted to € 13 million. Net profit for 2022 amounted to € 4 million. The difference between these years is largely attributable to an increase in the regular result (increase in the result of the financing activities).
The effective tax rate for Enexis Holding N.V. in 2023 amounted to 13.11% (2022: 0.3%). This is lower than the effective tax rate of 17.73% for the whole group in 2023 (see note 11. Taxes in the consolidated financial statements). The difference is due to the settlement of taxes with group companies. The effective tax rate for Enexis Holding N.V. was influenced in 2022 to a large degree by the tax-exempt result of the sale of the shares of Fudura B.V.