AHL - AHL Annual Report 2008

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THE GROUP PARENT ENTITY

2008
$
2007
$
2008
$
2007
$
NOTE 6 — AUDITORS’ REMUNERATION
CONTINUED
Overseas KPMG firms
International income tax compliance
Indirect tax compliance advice
Revenue certificates compliance
Other taxation services
125,296
33,826
3,595
103,530
126,883
49,300
3,446
117,284
—
—
—
—
—
—
—
—
266,247 296,913 — —
453,987 602,879 109,880 107,905
2008
$’000
2007
$’000
2008
$’000
2007
$’000
NOTE 7 — TAXATION
(a) Income tax expense
The major components of income tax expense/(benefit) are:
Income Statement
Income tax expense reported
Income tax attributable to discontinued operations
20,904
26,404
19,928
333
254
—
126
—
47,308 20,261 254 126
Current income tax
Current income tax expense/(benefit)
Adjustments in respect of current income tax of prior year
Deferred income tax
Relating to origination and reversal of temporary differences
40,238
320
6,750
16,638
328
3,295
(6,183)
44
6,393
(1,851)
76
1,901
Income tax expense reported in the Income Statement 47,308 20,261 254 126
Income tax charged/credited to Equity
Deferred income tax related to items charged or credited directly to equity:
Net loss/(gain) on revaluation of cash flow hedges
Unrealised loss/(gain) on available-for-sale investments
Reversal of available-for-sale investments revaluation reserve on
realisation of investment
Adjustment to shared-based payments reserve
Net (gain)/loss on hedge of net investment in overseas subsidiaries
459
924
—
76
(2)
(279)
(2,701)
4,776
18
5
—
924
—
76
—
—
(650)
861
18
—
Income tax benefit reported in equity 1,457 1,819 1,000 229
Reconciliation between income tax expense and pre-tax net profit
A reconciliation between income tax expense and accounting profit before
income tax multiplied by the Group’s applicable income tax rate is as follows:
Profit before tax from continuing operations
Profit before tax from discontinued operations
80,327
66,496
78,819
23,613
42,276
—
14,259
—
Accounting profit before income tax expense 146,823 102,432 42,276 14,259

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