15. Income tax expense

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The Company’s applicable corporate income tax rate is 20% (2011: 20%).

2012 
RUB Million		 2011 
RUB Million
Current tax expense (6,431) (5,670)
Origination and reversal of temporary differences, including change in unrecognised assets (273) (150)
(6,704) (5,820)

Reconciliation of effective tax rate:

2012 
RUB Million		 % 2011 
RUB Million		 %
Profit before taxation 31,214 100 28,296 100
Income tax at applicable tax rate (6,243) (20) (5,659) (20)
Over provided in respect of prior years 7 — 35 —
Income tax on intra-group dividends (416) (1) (230) (1)
Unrecognised tax liability on income from associates 33 — 464 2
Recognition of previously unrecognised deferred tax assets 461 1 — —
Non-deductible items (249) — (593) (2)
Change in unrecognised deferred tax assets (297) (1) (284) (1)
Unrecognised foreign exchange difference relating to intra-group transfer of
investments 		— — 118 —
Increase of tax loss carry-forward due to intra-group transfer of investments — — 329 1
(6,704) (21) (5,820) (21)
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