47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 160
A.G. BARR p.l.c. Annual Report and Accounts 2025
N OTE S TO TH E
ACCO U NT S
CO N TI N U ED
7. Taxation continued
In addition to the above movements in deferred tax, a deferred tax debit of £1.5m (2024: credit of £0.1m) has been recognised in other comprehensive income and a debit
of £0.1m (2024: debit of £0.1m) has been taken direct to reserves (Note 24).
The tax on the Group’s profit before tax differs from the amount that would arise using the tax rate applicable to the consolidated profits of the Group as follows:
2025
£m
2025
%
2024
£m
2024
%
Profit before tax
Tax at 25.0% (2024: 24.0%)
Tax effects of:
Items that are not deductible in determining taxable profit
Current tax adjustment in respect of prior years
Deferred tax adjustment in respect of prior years
53.2
13.3
25.0
51.3
12.3
24.0
0.7
(1.5)
1.0
1.3
(2.8)
1.9
0.6
0.2
(0.3)
1.2
0.4
(0.6)
Total tax expense
13.5
25.4
12.8
25.0
The weighted average tax rate was 25.4% (2024: 25.0%).
The standard rate of corporation tax applied to reported profit is 25% (2024: 24.03%). The applicable rate has changed following the UK Government’s announcement that
the corporation tax rate would increase from 19% to 25% effective from 1 April 2023.
8. Earnings per share
Basic earnings per share has been calculated by dividing the earnings attributable to equity holders of the parent by the weighted average number of shares in issue during
the year, excluding shares held by the employee share scheme trusts.
Profit attributable to equity holders of the Company (£m)
Weighted average number of ordinary shares in issue
Basic earnings per share (pence)
2025
2024
39.7
110,874,571
38.5
111,289,068
35.81
34.59
For diluted earnings per share, the weighted average number of ordinary shares in issue is adjusted to assume conversion of all potentially dilutive ordinary shares.
These represent share options granted to employees where the exercise price is less than the average market price of the Company’s ordinary shares during the year.
The number of shares as calculated above is compared with the number of shares that would have been issued assuming the exercise of the share options.
2025
2024
Profit attributable to equity holders of the Company (£m)
Weighted average number of ordinary shares in issue
Adjustment for dilutive effect of share options
39.7
110,874,571
1,175,898
38.5
111,289,068
1,159,537
Diluted weighted average number of ordinary shares in issue
112,050,469
112,448,605
35.43
34.24
Diluted earnings per share (pence)
158
