Page 119 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
117
23 FINANCE COSTS
2013 2012
$’000 $’000
Interest expenses on bank borrowings 38,201 37,768
Interest expenses on convertible debts 13,192 11,937
Amortisation of transaction costs for bank loans and
convertible debt securities 5,887 4,882
57,280 54,587
24 PROFIT OR LOSS FOR THE YEAR
The following items have been included in arriving at the net profit or loss for the year:
2013 2012
$’000 $’000
Non-audit fees paid/payable to:
– auditors of the Trust 6 6
– other auditors 125 45
131 51
Audit fees paid/payable to:
– auditors of the Trust 194 185
– other auditors 355 346
549 531
25 INCOME TAX EXPENSE
2013 2012
$’000 $’000
Current tax expense
PRC income tax for the current year 990 715
Under provided in the prior year 35 –
Withholding income tax 1,090 1,395
2,115 2,110
Deferred tax expense
Origination and reversal of temporary differences 3,483 27,611
5,598 29,721