Page 42 - GROUP 3 NAKED HOTEL LIMITED ANNUAL REPORT
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Taxation (Continued)
The statutory taxation rate for 2016 was 33⅓% (2015- 33⅓%), compared to the actual taxation
rate of 48.28% (2015-40.90%).
2016 2015
% %
Charge for the year 44.02 42.86
Investment Income Tax 1.54 -
Prior year under- provision/(over-provision) 2.41 (0.02)
Deferred Tax Adjustment 0.31 (1.94)
Actual Tax Charge 48.28 40.90
2016 2015
$'000 $'000
Profit before Taxation 89,758 78,653
Taxation Charge 43,333 32,173
9. Earnings per Share
The earnings per share is calculated by dividing the profit after taxation attributable to ordinary
shareholders by the weighted average number of ordinary shares in issue during the year.
2016 2015
Profit attributable to shareholder ($’000) 46,425 46,481
Weighted average number of shares (’000) 250,000 250,000
Earnings per share ($) .19 .20
10. Dividends
2016 2015
$’000 $’000
Ordinary @ $0.05 (2015 – $0.02) per share 11,880 4,752
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