ITE Group plc – Effective Tax Rate
Year Ended Year Ended 30 September 2002 30 September 2001
•Headline pre-tax
profit before non-recurring £10.8m £13.5m
charges
•Tax charge –
current year £2.35m £4.1m
•Add back:
Deductions for non-recurring charges
- Redundancy and
restructuring £0.2m £0.15m
- Loan write off £0.1m -
- Rent provision £0.1m -
______ ______
£2.75m £4.25m
______ ______
25.4% 31.5%
______ ______