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Notes to the Group’s Financial Statements

22 Taxes
EURm 2013 2012
Profit before tax 1,668 1,622
Tax calculated at parent company's tax rate -409 -397
Different tax rates on overseas earnings 19 -11
Income not subject to tax 5 4
Expenses not allowable for tax purposes -3 -4
Consolidation procedures and eliminations 159 183
Tax losses for which no deferred tax asset has been recognised -9 -6
Changes in tax rates 22 15
Tax from previous years -1 1
Total -216 -214
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