Realising Value Guinness Peat Group plc

Coats Financial InformationNotes to Financial Information (continued)3 Finance costs2012UnauditedUS$m2011UnauditedUS$mNon-exceptional itemsInterest on bank and other borrowings 25.0 23.8Net return on pension scheme assets and liabilities (14.9) (16.9)Other 9.3 9.919.4 16.8Exceptional itemsEuropean Commission fine interest costs (see note 2) 35.8 –Total 55.2 16.84 Taxation2012UnauditedUS$m2011UnauditedUS$mUK taxation based on profit for the year:Corporation tax at 24.5% (2011: 26.5%) 3.7 3.5Double taxation relief (3.7) (3.5)Total UK taxation – –Overseas taxation:Current taxation 47.4 40.4Deferred taxation (0.5) 5.446.9 45.8Prior year adjustments:Current taxation (0.7) (1.1)Deferred taxation 0.4 0.9(0.3) (0.2)46.6 45.6102 GUINNESS PEAT GROUP PLC