Income Tax ExpensesIncome tax expenses for the fourth quarter of 2010 were US$1.9 million, representing an increase of 359.8% from US$0.4 million in the fourth quarter of 2009. The year-over-year increase was primarily due to an increase in taxable income. In the fourth quarter of 2009, the Company recorded a gain on change in fair value of derivative liabilities in the amount of US$0.3 million, which was not taxable. This further reduced the taxable income in the fourth quarter of 2009.
Noah Holdings Limited Announces 2010 Fourth Quarter And Fiscal Year 2010 Financial Results
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