Note 3
For the Year Ended 31 March 2011
UNDERLYING EARNINGS AFTER TAX |
|
|
GROUP |
PARENT |
|
|
2011 |
2010 |
2011 |
2010 |
$000 |
$000 |
|
|
|
|
|
|
Profit After Tax Attributable to the Shareholders of the Company |
|
112,369 |
119,413 |
107,133 |
107,632 |
|
|
|
|
|
|
Fair value (gains) / losses on financial instruments |
9 |
(62) |
(12,509) |
590 |
(3,537) |
Impairment of software intangible asset |
8 |
- |
- |
Adjustments before income tax |
|
(62) |
590 |
|
|
|
|
|
|
Change in income tax expense in relation to adjustments |
|
19 |
3,753 |
(177) |
1,061 |
Tax credit for prior year adjustment |
|
(1,849) |
- |
(1,849) |
- |
Change in corporate tax rules |
11 |
5,981 |
6,892 |
Adjustments after income tax |
|
4,089 |
5,456 |
Underlying Earnings After Tax |
|
116,458 |
116,819 |
112,589 |
111,318 |
|
|
|
|
|
|
|
|
|
|
|
|
Underlying earnings after tax is presented to allow stakeholders to make an assessment and comparison of underlying earnings after removing the non-cash fair value movements in financial instruments, the effect of the change in corporate tax rules as well as impairment charges that management consider to be one off in nature. |