116770 Project Obelix Pt1.qxp - Carlsberg Group

Carlsberg Breweries GroupNotes32 Specification of invested capital2007 2006DKK million DKK millionInvested capital is calculated as follows:Total assets 49,830 45,834Less:Deferred tax assets -626 -715Loans to associates -4 -161Loans to group enterprises -1,658 -Interest income receivable, fair value of hedging instruments and financial receivables-135 -44Securities (current and non-current)-134 -115Cash and cash equivalents-2,026 -2,267Assets held for sale -34 -109Total assets included 45,213 42,423Trade payables -5,904 -5,071Deposits on returnable packaging -1,207 -1,159Provisions, excluding restructuring -437 -466Corporation tax -184 -187Deferred income -107 -104Finance lease liabilities, included in borrowings -66 -87Other liabilities, excluding interest payable and fair value of hedging instruments-4,354 -4,052Total liabilities offset -12,259 -11,126Total invested capital 32,954 31,297F-138