83 Notes to the Accounts Notes to the Accounts (DKK million) In the financial year, corporation taxes paid amounted to DKK 839m for the Group (1999/00: DKK 753m) and DKK 28m (1999/00: DKK -76m) including taxes paid outside Denmark. The Parent Company and its Danish subsidiaries participate in the tax on account scheme. Reconciliation of tax rate: 2001 1999/00 (15 months) 9 Corporation tax comprises: Parent CompanyGLYPH<213>s share of tax on profit for the financial year 47 43 Deferred tax 17 - Adjustment for previous years -9 4 Adjustments for previous years, deferred tax -28 - Tax charge for Parent Company, adjusted 27 47 Parent CompanyGLYPH<213>s share of tax in subsidiaries, cf. note 4 415 695 Parent CompanyGLYPH<213>s share of tax in associated companies, cf. note 4 4 63 Parent CompanyGLYPH<213>s share of Group tax 446 805 Minority shareholdersGLYPH<213> share of Group tax 297 123 Group 743 928 Tax rate in Denmark 30.0% Difference in tax rate, foreign subsidiaries -3.6% Non-taxable income and non-tax deductible expenses -3.4% Prior year tax adjustment -1.0% Other 0.1% Effective tax rate for the year 22.1% 10 Tangible fixed assets: Plant Other Land and and fixtures and Construction buildings machinery fittings, etc. in progress Group: Cost Cost at 1 January 2001 8,965 13,698 7,081 476 Additions relating to acquisition/contribution of companies 2,716 6,241 1,453 955 Additions during the year 579 1,471 561 1,493 Disposals relating to divestment of companies 1,684 1,597 1,603 98 Disposals during the year 752 907 1,461 293 Currency translation adjustments, etc. 63 207 203 40 Transfers 533 440 1 -974 Cost at 31 December 2001 10,420 19,553 6,235 1,599 Revaluation Revaluation at 1 January 2001 949 588 15 0 Revaluation and write-downs for the year 1 153 6 - Currency translation adjustments, etc. 18 15 - - Revaluation at 31 December 2001 968 756 21 0 Depreciation and write-downs Depreciation and write-downs at 1 January 2001 3,109 8,302 3,866 0 Additions relating to acquisition of companies 796 3,885 873 - Depreciation and write-downs for the year 287 1,363 574 - Disposals relating to divestment of companies 303 567 766 Depreciation and write-downs eliminated on disposals during the year 274 691 1,198 - Currency translation adjustments, etc. 72 52 -154 - Transfers 18 -18 - - Depreciation and write-downs at 31 December 2001 3,705 12,326 3,195 0 Book value at 31 December 2001 7,683 7,983 3,061 1,599 The book value of land and buildings in Denmark amounted to DKK 1,846m (31.12.2000: DKK 1,810m). The value of property in Denmark as assessed for tax purposes amounted to DKK 4,840m at 1 January 2001 (31.12.2000: DKK 3,542m)