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6. Finance Income and Finance Costs:
For the three months ended December 31, 2012 2011(thousands of $)--------------------------------------------------------------------------------------------------------------------------------------------------------Interest income 133 123Net foreign exchange gain 147 -----------------------------------------------------------------------------Finance income 280 123--------------------------------------------------------------------------------------------------------------------------------------------------------Net foreign exchange loss - (32)----------------------------------------------------------------------------Finance costs - (32)--------------------------------------------------------------------------------------------------------------------------------------------------------For the nine months ended December 31, 2012 2011(thousands of $)--------------------------------------------------------------------------------------------------------------------------------------------------------Interest income 409 341Net foreign exchange gain 13 768----------------------------------------------------------------------------Finance income 422 1,109--------------------------------------------------------------------------------------------------------------------------------------------------------Net foreign exchange loss - -----------------------------------------------------------------------------Finance costs - ---------------------------------------------------------------------------------------------------------------------------------------------------------
7. Income and Other Taxes:
The major components of income tax expense are as follows:
For the nine months ended December 31, 2012 2011(thousands of $)--------------------------------------------------------------------------------------------------------------------------------------------------------Current year income taxes 6,655 6,580Adjustment for prior year 67 -----------------------------------------------------------------------------Current income taxes 6,722 6,580Deferred tax recovery (61) (97)Foreign withholding and other taxes 605 266---------------------------------------------------------------------------- 7,266 6,749--------------------------------------------------------------------------------------------------------------------------------------------------------
The provision for income and other taxes reported differs from the amount computed by applying the combined Canadian Federal and Provincial statutory rate to the profit before income and other taxes.
