PARENTCOMPANY FINANCIAL STATEMENTS •109
NOTES FOR THE
PARENT COMPANY
TAXATION
2.3
Income tax expense
DKKmillion
2014
2013
Current income tax charge
561
316
Adjustment concerning previous years
-9
157
Impact of change in theDanish tax rate
-
-66
Change in deferred tax
-16
-11
Total income tax expense
536
396
Tax reconciliation:
Profit before tax
3,576
2,489
Corporate tax rate inDenmark: 24.5% (2013: 25%)
876
622
Tax effect of:
Impact of change in theDanish tax rate
-
-66
Non-taxable income and non-deductible expenses
-331
-317
Adjustment concerning previous years
-9
157
Total income tax expense
536
396
Deferred tax
DKKmillion
2014
2013
Deferred tax at 1 January
469
551
Change in deferred tax - recognised in income statement
-16
-11
Change in deferred tax - recognised in statement of comprehensive income
-5
-5
Change in deferred tax - recognised in statement of changes in equity
-87
-
Impact of change in theDanish tax rate
-
-66
Deferred tax at 31December
361
469
Deferred tax liabilities
361
469
Deferred tax, net
361
469
Specification of deferred tax
Intangible assets
526
528
Property, plant and equipment
-15
-9
Other assets and liabilities
-150
-50
Deferred tax, net
361
469
See note 2.5 to the consolidated financial statements for informationon significant accounting estimates.
