11. INCOME TAX
MEUR 2015 2014
Current income tax charge 5.0 4.0
Adjustments in respect of current income tax of previous years 0.1 0.0
Deferred taxes -0.5 -0.0
Total 4.7 4.0
Reconciliation of tax expenses in the income statement and tax calculated on Finnish tax rate:
The Finnish corporate tax rate in 2015 was 20% and in 2014 20%. In the calculation of deferred taxes, 20% has been used as the Finnish corporate tax rate in 2015.
MEUR 2015 2014
Profit before tax 16.8 19.7
Share of profit of associated companies -1.6 -1.7
Total 15.2 17.9
Tax calculated on the parent company’s tax rate 3.0 3.6
Impact of varying tax rates of foreign subsidiaries 0.0 0.2
Tax-free income -0.0 -0.6
Non-tax-deductible expenses 1.2 0.6
Items from previous periods 0.2 0.0
Use of previously non-entered deferred tax assets -0.0 -0.0
Unrecognised deferred tax asset from the confirmed tax losses 0.3 0.2
Recognition of previously unrecognised deferred tax assets on the balance sheet 0.1 0.0
Tax recognised in the income statement 4.7 4.0
Tax impacts of entries due to IAS 19 accounting principles are included in other comprehensive income.