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 by 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 |
2024 |
2023 |
|
Corporate income tax expense |
16 |
13 |
|
Total corporate income tax expense |
16 |
13 |
Corporate income tax in 2024 amounted to €16 million. Net profit for 2023 was €13 million.
The effective tax rate for Enexis Holding N.V. in 2024 amounted to 4.61% (2023: 13.11%). This is lower than the effective tax rate of 25.20% for the whole group in 2024 (see note 11 ‘Taxes’ in the consolidated financial statements). The difference is due to the results of Enexis Holding N.V. in its group companies. The group companies bear the corporate income tax on these results.