NOTES TO THE FINANCIAL STATEMENTS
For The Financial Period From 1 January 2014 To 31 March 2015 (Cont’d)
100
Annual Report 2015
36. INCOME TAX EXPENSE (CONT’D)
A reconciliation of the income tax expense applicable to the profit before taxation at the statutory
tax rate to the income tax expense at the effective tax rate of the Group and the Company is as
follows:-
Group
Company
1.1.2014
1.1.2013
1.1.2014
1.1.2013
to
to
to
to
31.3.2015
31.12.2013
31.3.2015
31.12.2013
RM’000
RM’000
RM’000
RM’000
Profit before taxation
75,537
93,744
100,752
16,149
Tax at the statutory tax rate of 25%
18,884
23,436
25,188
4,037
Tax effects of:-
Share of result in an associate
23
–
–
–
Non-deductible expenses
2,892
1,016
873
345
Non-taxable income
(13)
(726)
(25,506)
(3,981)
Income tax exempted from
tax due to pioneer status
(20,679)
(7,667)
–
–
Reversal of deferred tax
liabilities not recognised in
the previous financial year
due to pioneer status
1,967
–
–
–
Deferred tax liabilities not
recognised due to pioneer status
–
(4,254)
–
–
Deferred tax asset not recognised
329
229
–
–
Under/(Over)provision in the
previous financial year:
- current taxation
322
(126)
115
13
- deferred taxation
(10)
(63)
6
(15)
Income tax expense for the
financial period/year
3,715
11,845
676
399
The statutory tax rate will be reduced to 24% from the current financial period’s rate of 25%, effective
year of assessment 2016.
