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Annual report 2018  /  Financial Statements  /  TVO Group financial statements  /  Notes to the consolidated financial statements  /  11 Income tax expense

11 Income tax expense

EUR 1 00020182017
Taxes based on the taxable income of the financial year02
Total02

TVO operates at cost price (so called Mankala principle, see note 1 General information on the Group), so TVO does not pay income tax during its operations. Taxes for the financial year consists of non-deductible expenses in taxation.

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