13 Income tax

Income tax of EUR 8 million decreased compared to 2018 due to lower profit before tax whilst the average weighted annual rate of 13.5% increased (H1 2018: 12.5%). The higher tax rate is mainly due to lower results from equity investments for which participation exemption is applicable.

Current income tax receivables amount to EUR 36.5 million (December 31, 2018: EUR 24.4 million).