116770 Project Obelix Pt1.qxp - Carlsberg Group

Carlsberg Breweries GroupNotes10 Corporation tax2007 2006DKK million DKK millionTax for the year comprises:Current tax on profit for the year 939 819Change in deferred tax liabilities during the year 160 183Change in tax rate -16 -21Adjustments to tax for previous years 10 -119Total tax for the year 1,093 862Of which recognised in equity:Deferred tax on items recognised directly in equity 113 68Tax for the year on items recognised directly in equity -16 -10Tax on profit for the year 1,190 920Reconciliation of the effective tax rate for the year:Tax rate in Denmark 25.0% 28.0%Change in tax rate, Danish subsidiaries 0.8% 0.0%Change in tax rate, foreign subsidiaries -0.8% -0.8%Differences in tax rates, foreign subsidiaries -2.0% -2.2%Adjustments to tax for previous years -0.5% -4.0%Non-capitalised tax losses, net 5.3% 11.5%Non-taxable income -1.1% -2.0%Non-deductible expenses 4.6% 2.3%Tax, associates -0.1% 0.0%Special items -0.4% -5.3%Other 2.2% 2.1%Effective tax rate for the year 33.0% 29.6%The change in deferred tax liabilities recognised in the income statement can bebroken down as follows:Tax losses -198 114Change in tax rate -16 -21Intangible assets and property, plant and equipment etc. 471 137Deferred tax liabilities recognised in income statement 257 230F-108