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Note 6. Income tax (benefit)/expense
Consolidated
2015 2014
$’000 $’000
Income tax (benefit)/expense 6,689
(1,908)
Current tax 1,407
(939)
Deferred tax - origination and reversal of temporary differences (1,410) 3,842
Prior year over provision (50) (1,908)
Aggregate income tax (benefit)/expense (53) 16,317
4,895
Deferred tax included in income tax (benefit)/expense comprises:
(1,444)
Decrease/(increase) in deferred tax assets (note 15) 1,410 (59)
23
Numerical reconciliation of income tax expense and tax at the statutory rate
1,115
(Loss)/profit before income tax (benefit)/expense (4,515) 284
Tax at the statutory tax rate of 30% (1,355) 4,814
(939)
Tax effect amounts which are not deductible/(taxable) in calculating taxable income:
(3)
Discount on acquisition - (30)
Share-based payments - -
3,842
Non-deductible entertainment 24
Non-deductible expenses -
Sundry items 179
(1,152)
Prior year over provision (50)
Difference in overseas tax rates 2
Foreign currency differences
Tax losses not recognised (1)
Income tax (benefit)/expense 1,148
(53)
Consolidated 2014
$’000
2015
$’000
Amounts charged/(credited) directly to equity 3,204 (2,540)
Deferred tax assets (note 15)
100

