1993
1992
Earnings of
non-consolidated
participations
Share in earnings 18,610 25,613
The 1993 earnings include book losses upon the sale
of non-core activities by the DB Group, New
Zealand.
Interest
Interest paid 151,759 155,626
Interest received on cash deposits, etc. - 149,376 - 121,144
2,383 34,482
Taxation
Taxation on profit 319,869 320,854
Taxation amounts to 40.2% (1992: 45.9%) of the
Group profit before taxation and before earnings of
non-consolidated participations. The tax burden is
influenced not only by the nominal rates of
corporation tax and dividend tax in the various
countries of establishment. Factors such as
investment and other facilities, fiscally non
deductible costs and losses before taxation with no
immediate compensation possibilities are also
important.
The last mentioned factor plays an important part in
connection with the high tax burden in 1992, owing
to the costs of restructuring measures in Spain and
write-downs of assets in Africa.
Net extraordinary income
Extraordinary Group income - 119,617
Minority interests in extraordinary income - - 17,967
Net extraordinary income - 101,650
The extraordinary income in 1992 relates to a book
profit on sale of land in Singapore and is tax
exempted.
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