Notes to the consolidated statements of earnings
(amounts in thousands)
Salaries and benefits
1999
Salaries and wages
Pension costs
Other social security charges
3,774,709
85,147
686,421
4,546,277
For 1998 excluding the refund of EUR 34 million fom the pension fund.
Remuneration of Board members
Corporate Executive Board including former members
Supervisory Board
6,304
238
Income taxes
The reconciliation of the Dutch corporate income tax rate to the effective tax rate of 26.99% (1998: 25.52%) is as follows:
1999
1998
Dutch corporate income tax rate 35 ggo/
Items effecting the corporate income tax rate:
Corporate financing and different statutory income tax rate
of foreign subsidiaries (5 6g%j
Non-taxable items 35%)
Investment tax credits (0 03%)
Other factors ^030/°,
35.00%
(10.40%)
(0.8%)
(0.04%)
1.76%
Effective tax rate
26.99%
25.52%
The components for the provisions for income taxes are as follows:
Current liability 224 301
Deferred liability iR7nn
135,002
62,073
283,001
197,075
Income from unconsolidated subsidiaries and affiliates
Unconsolidated subsidiaries and affiliates:
Stated at net asset value 7 314
Stated at historical cost
11,095
10
7,437
11,105
Royal Ahold Annual Report 1999
