Reference is made to Note 10. for further details on the reversal of impairment.
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.
In 2023, no impairments were recorded.
The maturity of the lease liabilities is as follows.
Goodwill is allocated to Corbion's cash-generating units identified as the operating segments.
Set out below are the associates and joint ventures of the group as at 31 December 2023 which, in the opinion of management, are material to the group.
Long-term tax receivables consist of value added tax receivables. Recoverability and timing thereof are subject to uncertainty and dependent on external factors.
In 2023, inventories of € 748.7 million (2022: € 739.2 million) were recognized as an expense during the year and included in 'cost of sales'.
