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14. Finance costs
three months ended year ended December 31 December 31 2012 2011 2012 2011----------------------------------------------------------------------------Interest on note payable $277 $282 $1,067 $1,119Accretion on note payable 192 176 714 670Accretion on provisions and capital lease obligations 2,163 1,856 8,289 7,393---------------------------------------------------------------------------- $2,632 $2,314 $10,070 $9,182----------------------------------------------------------------------------
15. Income tax
For the three months ended December 31, 2012:
Corporate Cayeli Las Cruces Pyhasalmi and other (Turkey) (Spain) (Finland) Total----------------------------------------------------------------------------Current income taxes $474 $5,838 ($795) $7,765 $13,282Deferred income taxes 872 (1,855) 19,166 248 18,431----------------------------------------------------------------------------Income tax expense $1,346 $3,983 $18,371 $8,013 $31,713----------------------------------------------------------------------------For the three months ended December 31, 2011:---------------------------------------------------------------------------- Corporate Cayeli Las Cruces Pyhasalmi and other (Turkey) (Spain) (Finland) Total----------------------------------------------------------------------------Current income taxes ($1,577) $7,907 $81 $6,847 $13,258Deferred income taxes (85) 1,537 8,016 (235) 9,233----------------------------------------------------------------------------Income tax expense ($1,662) $9,444 $8,097 $6,612 $22,491----------------------------------------------------------------------------For the year ended December 31, 2012:---------------------------------------------------------------------------- Las Corporate Cayeli Cruces Pyhasalmi and other (Turkey) (Spain) (Finland) Total----------------------------------------------------------------------------Current income taxes $1,002 $33,536 $255 $23,942 $58,735Deferred income taxes 933 (613) 72,240 9 72,569----------------------------------------------------------------------------Income tax expense $1,935 $32,923 $72,495 $23,951 $131,304----------------------------------------------------------------------------For the year ended December 31, 2011:---------------------------------------------------------------------------- Corporate Cayeli Las Cruces Pyhasalmi and other (Turkey) (Spain) (Finland) Total----------------------------------------------------------------------------Current income taxes ($2,171) $46,840 $606 $31,292 $76,567Deferred income taxes (203) 4,107 22,182 (582) 25,504----------------------------------------------------------------------------Income tax expense ($2,374) $50,947 $22,788 $30,710 $102,071----------------------------------------------------------------------------
