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All income taxes are from continuing operations reported by the Company in the applicable taxing jurisdiction. Income taxes also include anticipated withholding taxes due on subsidiaries’ earnings when paid as dividends to the Company. 

During fiscal 2013, the Company recognized $14,671 of deferred income tax expenses as a result of enacted changes in tax laws or rates. 

The Company’s deferred income tax expense as a result of enacted changes in tax laws or rates was immaterial in fiscal years 2012 and 2011. 

Deferred income taxes are comprised of the following components: 

As of September 30, 

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The effective income tax rate varied from the statutory Guernsey tax rate as follows: 

Year Ended September 30, 

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As a Guernsey company subject to a corporate tax rate of zero percent, the Company’s overall effective tax rate is attributable to foreign taxes. The Company’s income before income tax expense is considered to be foreign income. 

