2000 1999 Notes to the Consolidated Statement of Income Earnings of non-consolidated companies Dividends received and share in net profit 59 51 included here are the net earnings of companies ac counted for at net asset value amounting to EUR 32 mil lion (1999: EUR 30 million) and dividend received from in vestments at cost totalling EUR 27 million (1999: EUR 21 million). Interest Interest paid -109 - 80 Interest received on cash deposits, etc. 43 39 Taxation Taxation stands at 32.4% (1999: 34.9%) of the group prof it before taxation not including the earnings of non-con solidated companies. The lower tax burden is mainly the result of the use of taxable losses in Spain and a number of non-recurring tax benefits in various countries. Taxation on profit - 277 - 265 The main components of the income tax are: Group profit before taxation excluding the earnings of non-consolidated companies 855 Income tax at the Netherlands' statutory income -66 -41 tax rate Effect of foreign income tax rates Non-deductible expenses Utilisation of tax loss carryforwards Not recognised tax loss carryforwards Under/over provided in previous years Tax incentives and other differences 35.0% 0.9% 299 8 2.0% 17 -27 24 -3.2% 2.9% -1.8% -3.4% -15 -29 Effective tax rate 32.4% 277 70

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2000 | | pagina 78