össur annual report2009 - Euroland

Össur hf. consolidated financial stateMents 2009
9. fees to auditors
annual report 09
78
2009 2008
Audit of Financial Statements 839 710
Review of Interim Financial Statements 243 252
Other services 118 235
10. financial incoMe / (eXpenses)
fINANCIAL INCOME:
1,200 1,198
2009 2008
Interests on bank deposits 205 204
Income from other financial assets 11 0
Fair value changes of derivatives 0 640
Other financial income 38 20
fINANCIAL ExpENSES:
254 864
Interest on bank overdrafts and loans ( 15,479 ) ( 17,627 )
Expenses from other financial assets 0 ( 131 )
Other financial expenses ( 108 ) ( 545 )
( 15,587 ) ( 18,303 )
Net-exchange rate differences ( 2,670 ) ( 286 )
Net Financial income / (expenses) ( 18,003 ) ( 17,725 )
11. incoMe taX
2009 2008
Current tax expenses ( 4,996 ) ( 465 )
Deferred tax expenses ( 2,479 ) ( 9,280 )
( 7,475 ) ( 9,745 )
2009 2008
AMOUNT % AMOUNT %
Profit before taxes 30,237 38,233
Income tax calculated at 15% ( 4,536 ) 15% ( 5,735 ) 15%
Effect of different tax rates of other jurisdictions ( 2,645 ) 9% ( 1,585 ) 4%
Effect of nondeductible expenses 450 ( 1% ) ( 1,126 ) 3%
Effect of change in tax rate 518 ( 2% ) ( 590 ) 2%
Other changes ( 1,262 ) 4% ( 709 ) 2%
Deferred tax:
( 7,475 ) 25% ( 9,745 ) 25%
2009 2008
Origination and reversal of temporary differences 5,907 5,600
Write-downs (reversals of previous w-d) of deferred tax assets 47 936
Losses recognised and utilised ( 4,008 ) 2,088
Effect of changes in tax rate and laws 533 656
Total deferred tax expense 2,479 9,280