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.
9. Earnings per ordinary share
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.
10. Property, plant, and equipment
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.
12. Intangible fixed assets
The 'Other' line item relates to transfers from Property, plant, and equipment.
13. Investments in joint ventures and associates
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.