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.
12. Intangible fixed assets
Goodwill is allocated to Corbion's cash-generating units identified as the operating segments.
13. Investments in joint ventures and associates
Set out below are the associates and joint ventures of the group as at 31 December 2022 which, in the opinion of management, are material to the group.