- Report
- Outlook
- Management
- Accounts
- Accounting policies
- Income statement
- Statement of shareholders' equity
- Balance sheet
- Statement of cash flows and financial resources
- Environmental, social, and knowledge data
- Notes
- Index of notes
- Note 1 - Segment information
- Note 2 - Revenue
- Note 3 - Employee costs
- Note 4 - Fees to statutory auditor
- Note 5 - Depreciation, amortization, and impairment losses
- Note 6 - Other operating income, net
- Note 7 - Financial income
- Note 8 - Financial costs
- Note 9 - Tax
- Note 10 - Intangible assets
- Note 11 - Property, plant and equipment
- Note 12 - Deferred tax
- Note 13 - Other financial assets
- Note 14 - Inventories
- Note 15 - Trade receivables
- Note 16 - Tax receivable and payable
- Note 17 - Other receivables
- Note 18 - Common stock
- Note 19 - Minority interests
- Note 20 - Provisions for pensions and similar obligations
- Note 21 - Provisions
- Note 22 - Other financial liabilities
- Note 23 - Other current liabilities
- Note 24 - Stock-based payment, and remuneration
- Note 25 - Foreign currencies in the balance sheet
- Note 26 - Derivatives
- Note 27 - Commitments and contingent liabilities
- Note 28 - Joint ventures
- Note 29 - Related party transactions
- Note 30 - Government grants
- Note 31 - Non-cash expenses
- Note 32 - Cash and cash equivalents
- Note 33 - Expiration date for undrawn committed credit facilities
- Note 34 - Acquisition of activities and companies
- Note 35 - Accounting estimates and judgments
- Note 36 - Water allocated to primary source
- Note 37 - Internally generated energy allocated to primary source
- Note 38 - Treated wastewater for irrigation
- Note 39 - Total waste volume by disposal method
- Note 40 - CO2 emissions by internally and externally generated energy
- Note 41 - Global warming, CO2-equivalents
- Note 42 - Ozone layer depletion, CFC11-equivalents
- Note 43 - Employee statistics
- Note 44 - Percentage of women by job category
- Note 45 - Job creation
- Note 46 - Rate of absence by job category
- Note 47 - Consequences of occupational accidents
- Note 48 - Consequences of occupational diseases
- Note 49 - Types of occupational diseases
- Group companies
- Statements
- Financial statements for Novozymes A/S
- Glossary
- Supplementary reporting
Audited by PwC
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% | ||
