8. Taxation

     
  2011 2010
€'000 €'000
Current tax:
Corporation tax at 12.5% (2010: 12.5%) 2,480 3,229
Less: Woodlands relief (1,804) (2,658)
676 571
Foreign tax  - Netherlands 3 5
                    - United Kingdom 43 23
Adjustment in respect of prior years (1,367) (3,565)
Taxation on disposal of fixed assets at 25% (2010: 25%) 1,944 3,580
Total current tax 1,299 614
Deferred tax:    
Origination and reversal of pension timing differences (12) (3)
Origination and reversal of other timing differences (436) 696
Total taxation on profit on ordinary activities 851 1,307
 
The tax assessed for the period is higher than the standard rate of corporation tax in the Republic of Ireland.
The differences are explained below:  2011 2010
€'000 €'000
Profit on ordinary activities before tax 20,749 33,455
Profit on ordinary activities multiplied by the standard rate
of tax in the Republic of Ireland of 12.5% (2010: 12.5%)
2,594 4,182
     
Effects of: 
Woodlands relief (1,804) (2,658)
Impairment of assets and associated goodwill - 174
Expenses not deductible for tax purposes 767 526
Differences between capital allowances and depreciation 405 400
Adjustments in respect of prior years (1,367) (3,565)
Higher rates of tax on certain activities 966 1,791
Unutilised current year tax losses 249 522
Utilisation of losses forward from prior years (424) (658)
Foreign tax 26 28
Other (113) (128)
Total current tax 1,299 614