Download the Tanzania Breweries Ltd 2010 Annual ... - SABMiller

Notes to Financial Statements
For the year ended 31 March 2010
(All amounts in Tshs M)
Group
Company
2010 2009 2010 2009
10. OTHER LOSSES
Fair value loss on embedded derivatives (1,150) (63) (1,150) (63)
(1,150) (63) (1,150) (63)
11. FINANCE INCOME AND EXPENSES
Interest income on bank balances 831 270 831 955
Interest expense on borrowings (10,906) (10,340) (9,586) (10,361)
Fair valuation loss on a forward contract (2,028) - (2,028) -
Finance costs – net (12,103) (10,070) (10,783) (9,406)
12. INCOME TAX EXPENSE
Current tax 22,270 33,865 15,618 29,869
Deferred tax (Note 22) 19,123 526 19,046 385
41,393 34,391 34,664 30,254
The tax on the profit before tax differs from the theoretical amount that would arise using the basic tax rate as follows:
Profit before income tax 133,842 115,188 120,159 106,928
Tax calculated at a rate of 30% 40,152 34,556 36,048 32,078
Income not subject to tax (749) - (3,008) (1,744)
Expenses not deductible for tax purposes 1,990 (165) 1,624 (80)
Income tax expense 41,393 34,391 34,664 30,254
13. EARNINGS PER SHARE
Group
2010 2009
Net profit attributable to shareholders (TShs’000) 87,448,732 77,157,740
Weighted average number of share in issue (000’s) (Note 21) 294,928 294,928
Basic and diluted earnings per share (TShs per share) 296.5 261.6
There being no dilutive potential share options, the basic and diluted earnings per share are the same.
Amount
Dividend per share
2010 2009 2010 2009
14. DIVIDENDS
First interim dividend 17,695 17,695 60.0 60.0
Second interim dividend 26,544 26,544 90.0 90.0
44,239 44,239 150.0 150.0
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Tanzania Breweries Limited