60

  



  

McPHERSON’S LIMITED

 ANNUAL REPORT 2015

NOTE 8.   INCOME TAX (CONTINUED)

(B) NUMERICAL RECONCILIATION OF INCOME TAX EXPENSE TO PRIMA FACIE TAX PAYABLE

2015

$’000

2014

1

$’000

Total operating profit / (loss) before tax

11,224

(62,597)

Prima facie income tax expense / (benefit) at 30%

3,367

(18,779)

Tax effect of amounts which are not deductible/(taxable) in calculating taxable income:
Impairment of intangible assets

111

23,473

Non-assessable contingent consideration adjustment

(611)

-

Tax rate differences in overseas entities

(386)

(469)

Share-based payments expense 

(11)

38

Non-assessable share of net profit of associates accounted for using the equity method

(318)

-

Over provision in prior years

(153)

(121)

Other

385

300

Income tax expense

2,384

4,442

1. See Note 1(A) for details regarding the restatement as a result of an error

(C) AMOUNTS RECOGNISED DIRECTLY IN EQUITY

2015

$’000

2014

$’000

Aggregate current and deferred tax arising in the reporting period and not recognised in net profit or loss or other 
comprehensive income but directly credited to equity:

Deferred tax assets (Note 17)

12

(66)

(D) TAX EXPENSE/(BENEFIT) RELATING TO ITEMS OF OTHER COMPREHENSIVE INCOME

Cash flow hedges (Notes 17, 23)

1,820

(2,377)

NOTE 9.   KEY MANAGEMENT PERSONNEL

2015

$

2014

$

Key management personnel compensation

Short-term benefits

2,752,288

2,057,394

Post-employment benefits

205,639

175,309

Long-term benefits

41,468

17,470

Share-based payments

(34,394)

115,026

2,965,001

2,365,199

Detailed remuneration disclosures are provided in the Remuneration Report contained within the Directors’ Report, which is on pages 25 to 33 of 

the Annual Report.

NOTES TO AND FORMING PART OF THE  

CONSOLIDATED FINANCIAL STATEMENTS CONTINUED