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INCOME TAXES (Tables)
6 Months Ended
Jun. 30, 2018
INCOME TAXES  
Summary of income tax expense

Income tax expense consisted of the following for the six and three-month periods ended June 30:

 

 

 

Six-month period

 

Three-month period

 

 

 

2018

 

2017

 

2018

 

2017

 

 

 

 

 

 

 

 

 

 

 

Current income taxes

 

296

 

196

 

162

 

89

 

Deferred income taxes

 

(38

)

10

 

(23

)

(24

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

258

 

206

 

139

 

65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective tax rate*

 

76.3

%

185.6

%

81.3

%

-60.2

%

 

 

 

 

 

 

 

 

 

 

 

* Effective tax rate for prior year comparatives has been recalculated based on restated profit / (loss) before tax, arising from classification of the Italy Joint Venture as a disposal group held for sale as of June 30, 2018.