Investor Presentation - First Nine Months 2022
Investor Presentation - First nine months 2022
Тах
Actual and adjusted tax rates (DKK m)
Profit before tax
Permanent non-taxable difference
Q3 2022 Q2 2022 Q1 2022 04 2021 Q3 2021
968
2,164
3,707
4,500
4,270
2,559
408
435
994
22
3,527
2,572
4,142
5,494
4,293
Danske Bank
Tax drivers, Q3 2022
.
The actual tax rate of 81.1% (excluding prior-year's
adjustments) is higher than the Danish rate of 22% -
due primarily to the tax effect from tax exempt
income/expenses
Adjusted pre-tax profit, Group
Tax according to P&L
760
458
862
846
936
Taxes from previous years
25
106
57
57
367
10
Adjusted tax
785
565
919
1,213
924
•
Adjusted tax rate
22.3%
22.0%
22.1%
21.5%
22.2%
Actual-/Effective tax rate
78.5%
21.2%
18.8%
21.9%
25.5%
Actual/-Effective tax rate exclusive one-offs &
81.1%
26.1%
27.0%
21.6%
22.9%
prior year reg.
Adjusted tax rate of 22.3% is higher than to the Danish
rate of 22% due to the differences in statuary tax rates
in the various countries in which we operate
The permanent non-taxable difference derives from
tax-exempt income/expenses, such as value
adjustments on shares - mainly due to non-deductible
goodwill write-down in Danica
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