Catom Annual Report 2019 EN

19. Taxes

€

2019

2018

Group result

14,685,426 7,301,808

Taxes

3,901,314 2,027,659

Effective tax rate

26.6%

27.8%

Statutory tax rate

25.0%

25.0%

The effective tax rate differs from the statutory rate in particular due to the difference between the amortisation and depreciation amounts for financial reporting and those for tax purposes.

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