Notes to the Financial Statements

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Notes to the Financial Statements31 December 2006 continued7. Taxation continuedTaxation effect of deductible and taxable temporary differences:Differences31 December recognition 31 December2005 and reversals 2006Property, plant and equipment (47) 7 (40)Inventory (4) – (4)Accrued expenses 18 13 31Trade and other receivables 5 15 20Losses – 17 17Total net deferred (28) 52 248. Earnings per share (EPS)2006 2005Profit for the year ($’000) 2,801 876Number of shares – weighted averageBasic (‘000) 172,321 100,151Basic earnings per share (cents) 1.63 0.87Number of shares – weighted averageDiluted (‘000) 175,570 100,265Diluted earnings per share (cents) 1.60 0.8734ZiRAX Annual Report & Accounts 2006
Notes to the Financial Statements31 December 2006 continued9. Property, plant and equipment – GroupCost:Plant Assetsand under CapitalBuildings Vehicles equipment construction advance Total$’000 $’000 $’000 $’000 $’000 $’000Balance at1 January 2006 3,795 26 3,120 41 – 6,982Additions – 70 75 853 1,025 2,023Translation difference 353 2 290 5 – 650Balance at31 December 2006 4,148 98 3,485 899 1,025 9,655Accumulated depreciation:Balance at1 January 2006 82 6 627 – – 715Depreciation charge 148 9 443 – – 600Translation difference 8 1 56 – – 65Balance at31 December 2006 238 16 1,126 – – 1,380Net book value:Balance at31 December 2006 3,910 82 2,359 899 1,025 8,275Balance at31 December 2005 3,713 20 2,493 41 – 6,267The capital advance relates to sums advanced for producing non-standard production equipmentwhich will be ready in 2007.35ZiRAX Annual Report & Accounts 2006
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Page 6 and 7: Having achieved our operational goa
Page 10 and 11: Strong all round performancefrom a
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Page 21 and 22: Balance SheetsAt 31 December 2006No
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Notes to the Financial Statements

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