Income tax expenses

Income tax expenses (tax expense) include current tax and deferred tax. Current tax expense is determined in accordance with the relevant tax law based on the taxable profit for a given period and is recognised as a liability, in the amount which has not been paid or as an asset, if the amount of the current and prior periods income tax paid exceeds the amount due.

Deferred tax assets and liabilities are accounted for as non-current and are not discounted. They are offset on the level of particular separate financial statements of the Group companies when there is a legally enforceable right to set off the recognised amounts.




Tax expense in the statement of profit or loss 

Current tax expense 



Deferred tax 






Deferred tax recognised in other comprehensive income 

Hedging instruments 



Actuarial gains and losses 



Gains/(losses) on investments in equity instruments at fair value through  
other comprehensive income 









ORLEN Group Integrated Report

Download PDF