1999 1998
Earnings of non-consolidated participations
Dividends received and share in earnings 50.6 43.8
Included here are the net earnings of participations
accounted for at net asset value totalling EUR 29.5 million
(1998: EUR 7 4.3 million) and dividend received from
participations valued at cost of acquisition of totalling
EUR 27.7 million (1998: NLG 29.5 million).
Interest
- Interest paid -80.1 -53.2
Interest received on cash deposits, etc. 39.3 42.1
-40.8 -11.1
Taxation
Taxation on profit -264.8 -234.9
Taxation stands at 34.9% (i 998:36.3%) of the group profit
before taxation not including the earnings of non-consolidated
participations. The lower average tax burden is mainly the
result of the use of taxable losses in Spain and Switzerland and
a lower tax burden in Ireland.
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