annual report 2009 - Aer Lingus

72 Financial Statements Aer Lingus Group Plc – Annual Report 2009Notes to the Consolidated Financial Statements [continued]12 Income tax(i) Income tax credit recognised in the income statement2009 2008€’000 €’000Current taxationIrish corporation tax – –Remeasurement of income tax provisions 12,796 –12,796 –Deferred taxOrigination and reversal of temporary differences 24,765 12,176Write-down of deferred tax asset (12,796) –11,969 12,176Total income tax credit 24,765 12,176(ii) Reconciliation of effective tax rate2009 2008€’000 €’000Loss on ordinary activities before tax multiplied bystandard Irish corporation tax rate of 12.5% (2008: 12.5%) 19,356 15,257Effects of:Expenses not deductible for tax purposes (28) (276)Differences in tax rates (688) (3,288)Other adjusting items 6,125 483Income tax credit for the period 24,765 12,17613 Basic and diluted loss per shareBasic loss per share is calculated by dividing the loss attributable to the equity holders of the parent by the weighted average numberof shares in issue during the year, excluding shares issued under the Long-Term Incentive Plan, which are classified as treasury shares.There were no dilutive potential ordinary shares in existence in 2009 and 2008. Therefore, there was no difference, in both periods,between basic and diluted earnings per share.2009 2008Loss attributable to equity holders of the parent (€’000s) (130,081) (109,882)Weighted average number of ordinary shares in issue (000s) 529,746 529,731Basic and diluted loss per share (€ cent per share) (24.6) (20.7)