Note 9 - Tax
2008 2007
    DKK million  DKK million  
Tax payable on net profit 444  284 
Change in deferred tax (101) 60 
Adjustment for previous years   14  (1)  
Tax in the income statement 357  343 
Calculation of effective tax rate:
Corporation tax in Denmark 25.0% 25.0%
Non-deductible expenses (0.1)% 0.9%
Difference in foreign tax rates 1.6% 1.2%
One-off impact of change in tax rate (1.4)% (2.6)%
Other adjustments   0.1% 0.3%  
Effective tax rate 25.2% 24.8%