Download File - TCL Group
Download File - TCL Group
Download File - TCL Group
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31ST DECEMBER, 2010<br />
(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)<br />
(Continued)<br />
4. Finance costs<br />
5. Taxation<br />
2010 2009<br />
$ $<br />
Interest costs 1,446 1,637<br />
a) Taxation charge<br />
Deferred taxation (46) 366<br />
Prior year over accrual (55) –<br />
Current taxation 122 5,498<br />
21 5,864<br />
b) Reconciliation of applicable tax charge to effective tax charge<br />
(Loss)/profit before taxation from continuing operations (3,416) 24,917<br />
Loss before taxation from discontinued operations (4,253) (9,286)<br />
(Loss)/profit before taxation (7,669) 15,631<br />
Tax calculated at the rate of 25% (1,917) 3,908<br />
Effect of different tax rates outside Trinidad and Tobago (93) (433)<br />
Net effect of other charges and allowances 1,160 1,185<br />
Prior year over accrual (55) –<br />
Effect of disallowed expenses 804 1,026<br />
Business levy 122 178<br />
Taxation charge reported in the consolidated<br />
income statement – continuing operations 21 5,864<br />
Taxation charge attributable to a discontinued<br />
operation – 36<br />
21 5,900<br />
25<br />
BUILD TO LAST FOR GENERATIONS
Change language