Accounting profit and corporate income tax cost

ACCOUNTING PROFIT/(LOSS)
Profit/(loss) before tax	-168.464

CORPORATE INCOME TAX
Tax calculated at national applicable rate	42.116
Profit/(loss) from associates net of taxes	5.683
Effect of lower rate applicable to LLAH III	-2.378
Non-deductible expenses for tax purposes	-2.431
Capitalisation reserve	0
Tax deductions recorded in the year with the Tax group	32.217
Tax adjustments in England	-9.702
Effect of higher rate applicable to ANB	8.335
Adjustment of previous periods	5.852
Reversal Liability Deferred tax derived from LLAH III acquisition	-129
Other	-682
TAX EXPENSE	78.881

Source: Aena SME, S.A. Consolidated Report. 2021.

The most representative deductions in quota registered correspond to the deduction for investments in the Canary Islands.

The effective corporate income tax rate* came to -46.80% in 2021.

* Effective rate measured as the ratio between tax expense and pre-tax profit.

Published on 4 April 2021 at 14:00 h.

Accounting Profit/(Loss) and Corporate Income Tax

The next chart shows the reconciliation of the accounting profit/(loss) and the corporate income tax expense.

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Resultado Contable

The next chart shows the reconciliation of the accounting profit/(loss) and the corporate income tax expense.

Other sections