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Note 3: Underlying Earnings After Tax

GROUP

Note

2014

$000

2013

$000

Profit After Tax Attributable to the Shareholders of the Company

115,121

123,351

       

Fair value losses / (gains) on financial instruments

9

(9,448)

5,593

Asset impairments

8

226

-

Adjustments before income tax

 

(9,222)

5,593

       

Change in income tax expense in relation to adjustments

2,582

(1,678)

Adjustments after income tax

(6,640)

3,915

Underlying Earnings After Tax

108,481

127,266

       

Underlying earnings after tax ($000)

 

108,481

127,266

Weighted average number of ordinary shares in issue (thousands)

313,500

314,347

Underlying earnings per share (cents per share)

34.6

40.5

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, any asset impairments, the effect of the change in corporate tax rules as well as other items that the Group considers to be one off in nature.