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.