11. Income Tax

in thousands of EUR

2014

2013

Current income tax

95,509

81,093

Deferred income tax

- 15,827

-7,889

Charge in Income Statements

79,682

73,204

The reconciliation between the computed weighted average rate of income tax expense, which is generally applicable to GrandVision companies, and the actual rate of taxation is as follows:

in thousands of EUR

2014

%

2013

%

Result before tax

254,243

100.00%

229,119

100.00%

Computed weighted average tax rate

73,087

28.75%

70,046

30.50%

Expenses not deductible for tax purposes

9,229

3.63%

9,021

3.90%

Incentive tax credits

- 8,327

-3.28%

-7,102

-3.10%

Effect of (de)recognition of tax losses

735

0.29%

4,658

2.00%

Changes in tax rate

- 308

-0.12%

-3,112

-1.30%

(Over)/Under provided in prior years

5,266

2.07%

-307

-0.10%

Tax charge

79,682

31.34%

73,204

31.90%

The weighted average applicable tax rate amounts to 28.75% (2013: 30.50%). The effective tax rate for the Group is 31.34% (2013: 31.90%)

The changes in tax rate in 2014 are mainly in Chile, Hungary and Portugal.