50 Finsbury Food Group Annual Report & Accounts 2016
2016 £000
Finance income Change in fair value of interest rate swaps Bank interest receivable
Unwinding of discount of deferred consideration receivable
Finance cost Interest on net pension position Bank interest payable
Interest on interest rate swap agreements
9. Taxation
2016 £000
Current tax Current year
Adjustments for prior years Total current tax
Deferred tax Adjustments for prior years Total deferred tax Total tax expense
2015 £000
2015 £000
219 2 -
221
(148) (787) (273)
(1,208)
28 1
105 134
(154) (748) (276)
(1,178)
2,745 82
2,827 928 (6)
(463) 459
3,286
1,221 (121)
1,100 753
(11) 20
762 1,862
2016 £000
Tax using the UK corporation tax rate of 20.00% (2015: 20.75%) Non-deductible expenses
Amortisation of intangible asset
R&D uplift current year
Adjustments to tax charge in respect of prior periods Tax rate for the period (excluding disallowable impairment) Disallowable intangible impairment Total tax expense
11,804
2,361 207 99 -
7 275
(140) (381)
2,428 20.6% 858
3,286
2015 £000
8,482
1,760 173 239 60
(143) (28) (98)
(101)
1,862 22.0% -
1,862
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