| 11. INCOME TAXES | | |
| | 1.1. - 31.12. | 1.1. - 31.12. |
| | 2005 | 2004 |
| Taxes for financial year and previous years | | |
| Tax based on taxable income of financial year | 22.1 | 0.2 |
| Taxes for previous years | 2.2 | 0.5 |
| Deferred taxes | 1.2 | 4.1 |
| Total | 25.5 | 4.8 |
| | | |
| The tax expense included in the consolidated income statement differs in the following way from the theoretical sum obtained by using the tax rate (26%) of the Group's home country, Finland: | | |
| | | |
| Profit before taxes | 87.5 | 30.6 |
| Taxes calculated using the Finnish tax rate | -22.8 | -8.9 |
| Different tax rates of foreign subsidiaries | 0.0 | 0.1 |
| Share of result in associates | 0.0 | -0.1 |
| Tax-free income | -0.1 | 0.0 |
| Nondeductible expenses | -0.4 | -5.1 |
| Deferred tax expense / tax asset resulting from reduction of Finnish tax rate | 0.0 | 9.2 |
| Use of previously unrecognised tax losses | 0.0 | 0.5 |
| Taxes for the previous financial year | -2.2 | -0.5 |
| Income taxes, total | -25.5 | -4.8 |
| Effective tax rate | 29.1 % | 15.6 % |
