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. 54

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 1993 | | pagina 61