Notes to the Consolidated Balance Sheet, the Statement of Income and the Cash Flow Statement
for the Financial Year 2000
interest income on surplus cash invested in short-term bank deposits. These instruments are also
used to minimize the risk of higher interest charges resulting from an increase in the rate of interest
on interest-bearing liabilities.
Interest-hedging instruments are not used without an underlying position.
Taxation on profit is calculated on the income according to the financial statements on the basis of
nominal rates. Allowance is made for the tax on profit distributions of investments borne by the
Group and for the applicable facilities. The differences with the taxes actually payable in respect of
the financial year are offset against the provision for deferred tax liabilities.
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