Other notes to the Group’s Financial Statements 1–40
Select note 1–40
- 1 Insurance premiums written
- 2 Net income from investments
- 3 Claims incurred
- 4 Change in liabilities for insurance and investment contracts
- 5 Staff costs
- 6 Other operating expenses
- 7 Result analysis of If
- 8 Earnings per share
- 9 Financial assets and liabilities
- 10 Property, plant and equipment
- 11 Investment property
- 12 Intangible assets
- 13 Investments in associates
- 14 Financial assets
- 15 Fair values
- 16 Determination and hierarchy of fair values
- 17 Movements in level 3 financial instruments measured at fair value
- 18 Sensitivity analysis of level 3 financial instruments measured at fair value
- 19 Investments related to unit-linked insurance contracts
- 20 Deferred tax assets and liabilities
- 21 Taxes
- 22 Components of other comprehensive income
- 23 Tax effects relating to components of other comprehensive income
- 24 Other assets
- 25 Liabilities from insurance and investment contracts
- 26 Liabilities from unit-linked insurance and investment contracts
- 27 Financial liabilities
- 28 Provisions
- 29 Employee benefits
- 30 Other liabilities
- 31 Contingent liabilities and commitments
- 32 Equity and reserves
- 33 Related party disclosures
- 34 Incentive schemes
- 35 Assets and liabilities related to assets held for sale
- 36 Auditors' fees
- 37 Legal proceedings
- 38 Investments in subsidiaries
- 39 Risk management disclosures
- 40 Events after the balance sheet date
The tables for the Financial Statements are also available in Excel format and the complete Financial Statements in Pdf format.
| 21 Taxes | |||||
| EURm | 2017 | 2016 | |||
| Profit before tax | 2,482 | 1,871 | |||
| Tax calculated at parent company's tax rate | -496 | -374 | |||
| Different tax rates on overseas earnings | -14 | -14 | |||
| Income not subject to tax | 3 | 7 | |||
| Expenses not allowable for tax purposes | -13 | -4 | |||
| Consolidation procedures and eliminations | 279 | 165 | |||
| Tax losses for which no deferred tax asset has been recognised | -2 | 2 | |||
| Changes in tax rates | - | 0 | |||
| Tax from previous years | 0 | -3 | |||
| Total | -243 | -221 | |||