Lenovo 2009 Annual Report Download - page 109
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2008/09 Annual Report Lenovo Group Limited
107
6 Other income – net
2009 2008
US$’000 US$’000
Dividend income from available-for-sale financial assets 1,053 –
(Loss)/gain on disposal of investments and
available-for-sale financial assets (124) 19,791
Impairment of investments – (2,530)
929 17,261
7 Finance income
2009 2008
US$’000 US$’000
Interest on bank deposits 54,351 37,100
Interest on money market funds 5,570 14,808
Others 56 140
59,977 52,048
8 Finance costs
2009 2008
US$’000 US$’000
Interest on bank loans and overdrafts 22,310 11,500
Dividend and relevant finance costs on convertible
preferred shares (Note 29(d)) 14,115 18,700
Others 1,717 8,166
38,142 38,366
9 Taxation
The amount of taxation in the consolidated income statement represents:
2009 2008
US$’000 US$’000
Current taxation
– Hong Kong profits tax 149 408
– Taxation outside Hong Kong 90,532 94,123
Deferred taxation (Note 22) (52,237) (46,918)
38,444 47,613
Hong Kong profits tax has been provided at the rate of 16.5% (2008: 17.5%) on the estimated assessable profit for the year.
Taxation outside Hong Kong represents income and irrecoverable withholding taxes of subsidiaries operating in the Chinese
Mainland and overseas, calculated at rates applicable in the respective jurisdictions.
The Group has been granted certain tax concessions by tax authorities in the Chinese Mainland and overseas whereby the
subsidiaries operating in the respective jurisdictions are entitled to preferential tax treatment.