Note 9 - Reconciliation of tax expenses

DKKm		2008	2007

	Reconciliation of tax expenses
	Tax on profit for the year		-777
	Difference between Danish and foreign tax rate		-39
	Prior-year tax adjustment		13
	Non-capitalised, utilised loss
	Change tax rate *		20
	Tax on non-taxable income and expenses		-2
	Change in valuation of tax assets		-42
	Other taxes		-15
			-842

	Effective tax rate	%	%
	Tax on profit for the year		25
	Difference between Danish and foreign tax rate		1
	Prior-year tax adjustment		0
	Utilised non-capitalised loss
	Change tax rate in Denmark		-1
	Tax on non-taxable income and expenses		0
	Change in valuation of tax assets		1
	Other taxes		1
			27

	cf 'TrygVestas Financial performance 2007'.