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## DIVERSIFIED ROYALTY CORP . 

Notes toConsolidatedFinancial Statements (Unaudited) (Expressed in Canadian dollars) 

Year ended December 31, 2014 

## 6. Deferred income taxes (continued): 

Income tax expense as reported differs from the amount that would be computed by applying the combined Federal and Provincial statutory income tax rates to the profit before taxes. The reason for the difference is as follows: 

<img src='content_image/217501.jpg'>

