95 13. Income tax expenses Recognised in the income statement In millions of EUR 2007 2006 Current tax expense Current year 408 439 Over provided in prior years (30) (26) 378 413 Deferred tax expense Change in previously unrecognised temporary differences (1) (55) Origination and reversal of temporary differences 37 (6) Change in tax rate 4 10 (Benefit)/charge of tax losses recognised (7) 3 Under/(over)provided in prior years 18 51 (48) Total income tax expenses in the income statement 429 365 R conciliation of effective tax rate In millions of EUR 2007 2006 Profit before income tax 1,401 1,710 Net gain on sale of subsidiaries, joint ventures and associates (3) (18) Income from associates (25) (27) Dividend income (16) (13) xable profit 1,357 1,652 2007 2006 Income tax using the Company's domestic tax rate 25.5 346 29.6 489 E fect of tax rates in foreign jurisdictions 1.3 18 (3.0) (50) E feet of non-deductible expenses 6.6 89 2.4 40 Effect of tax incentives and exempt income (2.7) (36) (3.2) (53) C: ange in previously unrecognised temporary differences (0.1) (2) (3.3) (55) E' act of recognition of previously unrecognised tax losses (0.1) (2) (0.3) (4) Current year losses for which no deferred tax asset is recognised 1.1 15 0.4 7 E ect of change in tax rates 0.3 4 0.6 10 I ler/(over) provided in prior years (0.9) (12) (1.6) (26) 0 her reconciling items 0.7 9 0.4 7 31.7 429 22.0 365 2007 the tax effect related to the fine of the European Commission of €219 million has been included i non-deductible expenses. Ii 2006 within various countries it was agreed with the tax authorities to fiscally amortise goodwill. 1 is benefit was capitalised in 2006 and explains the decrease in change in previously unrecognised riporary differences. i ferred tax (debit)/credit recognised directly in equity llions of EUR Note 2007 2006 dating to changes in fair value recognised directly in equity 18 (5) (14) (5) (14) Heineken N.V. Annual Report 2007

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2007 | | pagina 93