Singapore Airlines 2010 Annual Report Download - page 138

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SINGAPORE AIRLINES
136
notes to the financial statements
31 march 2010
10 Taxation (in $ million) (continued)
A reconciliation between taxation expense and the product of accounting profit multiplied by the applicable tax rate
for the years ended 31 March is as follows:
The Group
2009-10 2008-09
Profit before taxation 285.5 1,198.6
Taxation at statutory corporate tax rate of 17.0% 48.5 203.8
Adjustments
Income not subject to tax (48.3) (54.5)
Expenses not deductible for tax purposes 35.7 33.3
Higher effective tax rates of other countries 7.6 16.7
Overprovision in respect of prior years, net (44.7) (10.0)
Adjustment to deferred tax for reduction in Singapore statutory corporate tax rate - (138.2)
Tax benefit not recognised 6.3 0.4
Others 0.9 0.3
Taxation 6.0 51.8
11 Earnings Per Share
The Group
2009-10 2008-09
Basic Diluted Basic Diluted
Profit attributable to equity holders
of the Company (in $ million) 215.8 215.8 1,061.5 1,061.5
Adjustment for dilutive potential ordinary shares
of subsidiary companies (in $ million ) - (1.0) - (1.1)
Adjusted net profit attributable to equity holders
of the Company (in $ million) 215.8 214.8 1,061.5 1,060.4
Weighted average number of ordinary shares
in issue (in million) 1,184.8 1,184.8 1,184.7 1,184.7
Adjustment for dilutive potential
ordinary shares (in million) - 11.7 - 5.2
Weighted average number of ordinary shares in issue
used for computing earnings per share (in million) 1,184.8 1,196.5 1,184.7 1,189.9
Earnings per share (cents) 18.2 18.0 89.6 89.1