12. Income tax expense Recognised in the income statement In millions of EUR 2006 2005 Current tax expense Current year 439 326 Over provided in prior years (26) (14) 413 312 Deferred tax expense Change in previously unrecognised temporary differences (55) Origination and reversal of temporary differences (6) (12) Change in tax rate 10 (6) Charge of tax losses recognised 3 6 (48) (12) Tc al income tax expense in income statement 365 300 Re conciliation of effective tax rate Pr afit before income tax 1,710 1,169 Nt t gain on sale of subsidiaries, joint ventures and associates (18) (5) In ome from associates (27) (29) Di idend income (13) (13) In aairment other investments - 6 Ti able profit 1,652 1,128 0/ /o 2006 2005 In ome tax using the Company's domestic tax rate 29.6 489 31.5 354 Ef act of tax rates in foreign jurisdictions (3.0) (50) (2.5) (29) Ef act of non-deductible expenses 2.4 40 2.6 30 Ef act of tax incentives and exempted income (3.2) (53) (4.0) (45) CI ange in previously unrecognised temporary differences (3.3) (55) Ef act of recognition of previously unrecognised tax losses (0.3) (4) (0.1) (1) 0 rent-year losses for which no deferred tax asset was recognised 0.4 7 0.6 7 Ei act of change in tax rates 0.6 10 (0.6) (6) (C er)/under provided in prior years (1.6) (26) (1.2) (14) 0 er reconciling items 0.4 7 0.3 4 22.0 365 26.6 300 D erred tax (debit)/credit recognised directly in equity i IlionsofEUR 2006 2005 R( ating to accounting policy changes - (12) R< ating to fair value adjustments and cash flow hedges (14) 31 (14) 19 Heineken N.V. Annual Report 2006

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2006 | | pagina 94