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Edisun Power Europe Ltd. Corporate Governance Report 2010 ...

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All amounts are in 000 CHF if not otherwise noted<br />

The applicable tax rate is the tax rate of <strong>Edisun</strong> <strong>Power</strong> <strong>Europe</strong><br />

<strong>Ltd</strong>.. The reconciliation between the income tax expense<br />

calculated on the basis of the applicable income<br />

tax rate and the income tax expense in the income statement<br />

is as follows:<br />

<strong>2010</strong> 2009<br />

Loss before income tax expense -1 429 -282<br />

Income tax rate 21% 21 %<br />

Income tax income at the expected<br />

income tax rate<br />

-300 -59<br />

Reconciliation to the effective income<br />

tax expense:<br />

Effect of applicable different tax<br />

rates in countries in which the group<br />

operates<br />

-74 -96<br />

Other effects 18 -7<br />

Total income tax income -356 -162<br />

The impact on the effective tax rate is mainly related to<br />

the various profit and loss and related applicable tax<br />

rates in the various jurisdictions.<br />

21 Earnings per Share<br />

Consolidated Financial Statements<br />

Basic earnings per share are calculated by dividing the<br />

profit attributable to equity holders of the Group by the<br />

weighted average number of ordinary shares in issue<br />

during the year, excluding ordinary shares purchased by<br />

the Group and held as treasury shares (note 12).<br />

Loss attributable to equity holders<br />

of the Group<br />

Weighted average number of ordinary<br />

shares outstanding<br />

22 Dividends per Share<br />

No dividends were paid out in <strong>2010</strong> and 2009.<br />

23 Contingencies<br />

<strong>2010</strong> 2009<br />

-1 034 -119<br />

341 576 341 576<br />

Basic and diluted earings per share<br />

(CHF per share) -3.03 -0.35<br />

The Group has contingent liabilities in respect of legal<br />

claims arising in the ordinary course of business. It is not<br />

anticipated that any material liabilities will arise from the<br />

contingent liabilities other than those provided for.<br />

57

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