25. Taxes

25. Taxes
CHF million 2015 2014
Current taxes 94.8 133.8
Deferred taxes 29.6 – 8.8
Other taxes 6.1 4.9
Total 130.5 129.9

The tax on the Group's income before tax differs from the theoretical amount that would arise using the weighted average tax rate applicable to profits of the consolidated companies as follows:

CHF million 2015 2014
Income before taxes 511.5 472.5
     
Expected tax 1) 119.2 121.3
Change in applicable tax rates on temporary differences – 1.8
Utilization of unrecognized tax loss carry-forwards from prior years – 0.2
Adjustments related to prior years – 2.5 – 2.0
Other 15.9 10.6
Total 130.5 129.9

1) Based on the average applicable tax rate (23.3% in 2015; 25.7% in 2014).

The tax for each component of other comprehensive income is:

  2015 2014
CHF million Before tax Tax After tax Before tax Tax After tax
Hedge accounting 10.9 – 0.2 10.7 – 2.3 0.6 – 1.7
Defined benefit plan 339.0 – 102.0 237.0 131.4 – 41.1 90.3
Currency translation – 67.2 – 67.2 80.8 80.8
Total 282.7 – 102.2 180.5 209.9 – 40.5 169.4