77 Profit and Loss Account 2001 Profit and Loss Account 2001 Parent Company Profit and Loss Account Group 1999/00 2001 Note 2001 1999/00 DKK million DKK million DKK million DKK million (15 months) (15 months) 3,343 - 1 Turnover 46,975 47,351 1,200 - 2 Production costs 17,393 17,291 776 - Excise duties on beer and soft drinks, etc. 12,515 12,433 1,367 - GROSS PROFIT 17,067 17,627 1,115 - 2 Sales and distribution expenses 11,386 12,546 133 46 2 Administration expenses 2,752 2,722 119 128 3 Other operating income, net 430 524 4 Profit before tax from participating interests 1,733 1,607 in subsidiaries 4 Profit before tax from participating interests in pro rata consolidated associated 174 - companies 4 Profit before tax from participating interests 15 4 in other associated companies 41 51 2,160 1,693 OPERATING PROFIT 3,400 2,934 644 - 5 Special items, net 17 428 2,804 1,693 PROFIT BEFORE FINANCIALS 3,417 3,362 98 129 6 Income from other participating interests, etc. 688 124 652 301 7 Other interest income and similar income 1,210 1,376 Write-down of fixed asset investments, 49 - securities, etc. 78 86 567 170 8 Interest expenses and similar charges 1,878 1,621 2,938 1,953 PROFIT BEFORE TAX 3,359 3,155 805 446 9 Corporation tax 743 928 GROUP PROFIT 2,616 2,227 Minority interests 1,109 94 2,133 1,507 PROFIT FOR THE YEAR, Carlsberg A/S« share 1,507 2,133 Proposed appropriation: 345 320 Dividend to shareholders 1,788 1,187 Appropriated to reserves 2,133 1,507