Note 9 - Tax
| 2007 | 2006 | |||
| DKK million | DKK million | |||
| Tax payable on net profit | 284 | 332 | ||
| Change in deferred tax | 60 | 55 | ||
| Adjustment for previous years | (1) | (80) | ||
| Tax in the income statement | 343 | 307 | ||
| Calculation of effective tax rate: | ||||
| Corporation tax in Denmark | 25.0 % | 28.0 % | ||
| Non-deductible expenses | 0.9 % | 1.2 % | ||
| Difference in foreign tax rates | 1.2 % | (2.3)% | ||
| Impact of change in tax rate | (2.6) % | - | ||
| Other adjustments | 0.3 % | (1.7)% | ||
| Effective tax rate | 24,8 % | 25.2 % | ||
