date:Apr 02, 2014
oup balances plus non-Group foreign exchange gains of 1.2 million.
Net income attributable to the Group amounted to 16.8 million, up from 22.9 million in 2012, after a tax charge of 9.0 million or a rate of 35% compared with 8.7 million in 2012 and a rate of 27.6%. This increased tax rate is mainly due to the higher US contribution to earnings linked to the strong revenue growth and integration of DBS. It is furthermore noted that the rate for 2012 was exceptionally low.
At 31 Dec