Note 10 - Tax
2010 2009
    DKK million  DKK million  
Tax payable on net profit 415  456 
Change in deferred tax 81  10 
Adjustment for previous years   13  (39)  
Tax in the income statement 509  427 
Calculation of effective tax rate:
Corporation tax in Denmark 25.0% 25.0%
Non-deductible expenses 1.4% 1.5%
Difference in foreign tax rates 0.5% (0.7)%
Other adjustments   (2.9)% 0.5%  
Effective tax rate 24.0% 26.3%