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## 8 FINANCE INCOME AND EXPENSE 

## FINANCE INCOME 

<img src='content_image/241755.jpg'>

<img src='content_image/241753.jpg'>

## FINANCE EXPENSE 

<img src='content_image/241754.jpg'>

## 9 TAX EXPENSE 

## CURRENT TAX EXPENSE 

<img src='content_image/241747.jpg'>

## FACTORS AFFECTING CURRENT YEAR TAX CHARGE 

The reasons for the difference between the actual tax charge for the year and the standard rate of corporation tax in the UK applied to losses for the year are as follows: 

<img src='content_image/241746.jpg'>

## FACTORS THAT MAY AFFECT FUTURE TAX CHARGES 

The Group has a deferred tax asset of approximately $546,848 (2013 – $201,652) in respect of unrelieved tax losses of approximately $2,734,239 at 31 December 2014 (2013 – $866,661). The rate of tax used in the calculation of the deferred tax asset is 21.5% (2013 – 23%). The deferred tax asset has not been recognised in the financial statements as the timing of the economic benefit is uncertain. 

