Annual Report 2010 - Falck

Notes to the parent company financial statements
Parent Company | Falck Annual Report 2010 105
Note DKK million 2010 2009
6 Financial income
Foreign exchange gains - 1
Interest from Group companies 14 22
Total financial income 14 23
7 Financial expenses
Foreign exchange losses (2) -
Interest to credit institutions (94) (115)
Total financial expenses (96) (115)
8 Income taxes
Current tax 6 14
Change in deferred tax for the year 15 11
Prior-year adjustments (1) 1
Total income taxes 20 26
Tax on other comprehensive income (1) 7
Total tax 19 33
Income taxes received during the year 30 31
Breakdown of tax rate:
Total income taxes 20 26
Profit before tax 451 149
Dividends from Group companies (557) (250)
Tax base for current tax (106) (101)
Effective tax rate 18.9% 25.3%
Reconciliation of tax rate:
Danish tax rate 25.0% 25.0%
Non-deductible costs/(tax-exempt income) (4.6%) 0.3%
Other adjustments including adjustments relating to prior years (1.5%) -
Effective tax rate 18.9% 25.3%
9 Investments in subsidiaries
Cost at 1 January 3,249 3,249
Cost at 31 December 3,249 3,249
Carrying amount at 31 December 3,249 3,249
See "Legal entities" for a list of companies