Annual Report 2001 - Carlsberg Group

Notes to the Accounts
83
Notes to the Accounts
(DKK million)
2001 1999/00
(15 months)
9 Corporation tax comprises:
Parent Company’s share of tax on profit for the financial year 47 43
Deferred tax 17 -
Adjustment for previous years -9 4
Adjustments for previous years, deferred tax -28 -
Tax charge for Parent Company, adjusted 27 47
Parent Company’s share of tax in subsidiaries, cf. note 4 415 695
Parent Company’s share of tax in associated companies, cf. note 4 4 63
Parent Company’s share of Group tax 446 805
Minority shareholders’ share of Group tax 297 123
Group 743 928
In the financial year, corporation taxes paid amounted to DKK 839m for the Group (1999/00: DKK 753m) and DKK 28m (1999/00: DKK -76m)
including taxes paid outside Denmark. The Parent Company and its Danish subsidiaries participate in the tax on account scheme.
Reconciliation of tax rate:
Tax rate in Denmark 30.0%
Difference in tax rate, foreign subsidiaries -3.6%
Non-taxable income and non-tax deductible expenses -3.4%
Prior year tax adjustment -1.0%
Other 0.1%
Effective tax rate for the year 22.1%
10 Tangible fixed assets: Plant Other
Land and and fixtures and Construction
buildings machinery fittings, etc. in progress
Group:
Cost
Cost at 1 January 2001 8,965 13,698 7,081 476
Additions relating to acquisition/contribution of companies 2,716 6,241 1,453 955
Additions during the year 579 1,471 561 1,493
Disposals relating to divestment of companies 1,684 1,597 1,603 98
Disposals during the year 752 907 1,461 293
Currency translation adjustments, etc. 63 207 203 40
Transfers 533 440 1 -974
Cost at 31 December 2001 10,420 19,553 6,235 1,599
Revaluation
Revaluation at 1 January 2001 949 588 15 0
Revaluation and write-downs for the year 1 153 6 -
Currency translation adjustments, etc. 18 15 - -
Revaluation at 31 December 2001 968 756 21 0
Depreciation and write-downs
Depreciation and write-downs at 1 January 2001 3,109 8,302 3,866 0
Additions relating to acquisition of companies 796 3,885 873 -
Depreciation and write-downs for the year 287 1,363 574 -
Disposals relating to divestment of companies 303 567 766
Depreciation and write-downs eliminated on disposals during the year 274 691 1,198 -
Currency translation adjustments, etc. 72 52 -154 -
Transfers 18 -18 - -
Depreciation and write-downs at 31 December 2001 3,705 12,326 3,195 0
Book value at 31 December 2001 7,683 7,983 3,061 1,599
The book value of land and buildings in Denmark amounted to DKK 1,846m (31.12.2000: DKK 1,810m).
The value of property in Denmark as assessed for tax purposes amounted to DKK 4,840m at 1 January 2001 (31.12.2000: DKK 3,542m)