Financial Headlines Report Summary About iSOFT Five Year Summary Company Information Notable Dates Chairmans Statement Chief Executive's Statement Operating Review Financial Review Report of the Directors Corporate Governance Remuneration Report Audit Committee Report Inependent Auditors' Report Financial Statements Financial Statements Notes

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08 tax on profit on ordinary activities   2003   2002     £’000   £’000   United Kingdom corporation tax         Current tax on income for the year 3,685   2,771   Adjustments in respect of prior years 44   (248)     3,729   2,523   Double tax relief (94)   (219)   After double tax relief 3,635   2,304             Overseas taxation         Overseas taxation 2,840   778   Adjustments in respect of prior years (402)   (45)     2,438   733   Current taxation 6,073   3,037             Deferred taxation         Net (reversal)/origination of timing differences (589)   56   Changes in tax rates –   (1)     (589)   55   Tax on profit on ordinary activities 5,484   3,092   Current tax reconciliation 2003   2002     £’000   £’000   Profit on ordinary activities before taxation 18,880   12,178             Theoretical tax at UK corporation tax rate of 30% (2002: 30%) 5,664   3,653   Effects of:         Expenditure not tax deductible 1,018   1,085   Movement on deferred tax not provided (584)   (1,051)   Adjustments in respect of prior periods (358)   (293)   Difference in tax rates in overseas companies (128)   (112)   Withholding tax (94)   (219)   Exchange rate differences (34)   (6)   Accelerated capital allowances 589   (20)   Actual current taxation charge 6,073   3,037

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