The average statutory tax rate is the average of the statutory tax rates in the countries where Corbion operates, weighted on the basis of the result before taxes in each of these countries.
Earnings per ordinary share are calculated by dividing the profit available for holders of ordinary shares by the weighted average number of outstanding ordinary shares in Corbion nv.
The 'Other' line item relates to transfers from Under construction to other categories within Property, plant, and equipment and transfers to Intangible fixed assets and Inventories.
The maturity of the lease liabilities is as follows.
The 'Other' line item relates to transfers from Property, plant, and equipment.
Set out below is the joint venture of the group as at 31 December 2021 which, in the opinion of management, is material to the group.
This increase in inventories is a result of higher raw material prices, higher safety stocks, and longer lead times in the supply chain.
