IC Companys – Annual Report 2008/09 0 - IC Companys A/S

8. Financial income and expenses
Parent Company
DKK million 2008/09 2007/08
Financial income:
Interest on receivables from subsidiary undertakings 77.2 59.8
Realised gain on forward contracts 27.4 3.5
Other financial income 0.3 0.2
Total 104.9 63.6
Financial expenses:
Interest on debt to financial institutions (27.2) (29.7)
Interest on payables to subsidiary undertakings (22.2) (31.5)
Net currency loss (75.6) (6.3)
Other financial expenses (0.1) (0.1)
Total (125.1) (67.6)
Net financial items (20.2) (4.0)
9. Income tax of the year
Parrent Company
DKK million 2008/09 2007/08
Current tax (23.8) (14.8)
Change in deferred tax 11.0 11.4
Prior-year adjustments, deferred tax 0.1 1.6
Prior-year adjustments, tax payable 0.1 -
Income tax for the year (12.6)
(1.8)
Which is recognised as follows:
Income tax on profit for the year (27.0) (0.7)
Tax on equity movements 14.4 (1.1)
Income tax for the year (12.6)
(1.8)
Tax receivable / (payable) at 1 July 32.1 30.2
Tax payable on profit for the year 23.8 14.8
Paid / (received) income tax during the year (17.1) (12.9)
Income tax receivable / (payable) at 30 June, net 38.8 32.1
Which is recognised as follows:
Income tax receivable 38.8 32.1
Income tax receivable / (payable), net 38.8 32.1
Breakdown of income tax:
Parent Company
DKK million 2008/09 2007/08
Estimated tax on the profit before tax (23.4) 17.9
Other non-taxable income and non-deductible costs (3.3) (15.2)
Prior-year adjustments 0.2 1.6
Other adjustments including revaluation of tax losses carried forward etc. (0.5) (5.0)
Total (27.0) (0.7)
Effective tax rate for the year 29% 2%
10. Dividend
In the financial year 2008/09, the distribution of dividends of IC Companys A/S amounted to DKK 66 million to
the shareholders (2007/08: DKK 70 million).
For the financial year 2008/09, the Board of Directors recommend not to pay out dividend.
IC Companys – Årsrapport 2008/09
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