9.9.1 Tax expense
| Note | 2021 | 2020 | |
|---|---|---|---|
| Current tax | 631.5 | 58.6 | |
| Deferred tax | 9.9.3 | 613.2 | (565.2) |
| Total income tax charged to net profit or loss | 9.9.2 | 1,244.7 | (506.6) |
| Tax expense recognised in other comprehensive income (net), including: | (7.9) | 40.6 | |
| – cash flow hedging | 10.8.3 | (6.8) | 42.0 |
| – gains/(losses) on investments in equity instruments | (2.3) | – | |
| – actuarial gain/(loss) relating to post-employment benefits | 1.2 | (1.4) |
For the entities operating in Poland, the current and deferred portion of income tax was calculated at the rate of 19% of taxable income.
In the case of Norwegian subsidiary LOTOS Exploration and Production Norge AS, the marginal tax rate is 78% of the tax base. LOTOS Exploration and Production Norge AS’s activities are subject to taxation under two parallel tax systems: the corporate income tax system (22% tax rate) and the petroleum tax system (additional tax rate of 56%).
In the case of Lithuanian subsidiaries (AB LOTOS Geonafta Group), the current and deferred portion of income tax was calculated at the rate of 15%.