ANNUAL REPORT 04 - Aer Lingus

22 AER LINGUS GROUP PLC7. TaxationThe tax charge for the year comprises:2004 2003€000 €000Current taxIrelandCorporation tax 1,070 212Revision of previous years’ provisions - (230)Total current tax 1,070 (18)Deferred taxOrigination and reversal of timing differences (1,168) 6,887Other - 3,317Total deferred tax (1,168) 10,204Total (98) 10,186The differences between profit on ordinary activities multiplied by the standard Irish corporation tax rate of 12.5% (2003: 12.5%) and thecurrent tax charge for the year are:2004 2003€000 €000Profit on ordinary activities before tax multipliedby standard Irish corporation tax rate of 12.5% (2003: 12.5%) 142 9,925Effects of:Expenses not deductible for tax purposes 41 49Depreciation in excess of capital allowances 956 (268)Movement in tax losses (1,620) (7,824)Movement in provisions 1,832 (788)Differences in tax rates (281) (882)Revision of previous years’ provisions - (230)Current tax charge/(credit) for year 1,070 (18)8. Earnings per share 2004 2003Weighted average number of shares in issue (‘000) 267,030 255,790Profit for the year (€000) 1,236 69,217Earnings per share (cent) 0.5c 27.1cProfit for the year before exceptional items (€000) 90,924 69,217Earnings per share before exceptional items (cent) 34.1c 27.1cannual report 2004