130
GHL Systems Berhad
(293040-D)
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
29. TAXATION (continued)
(c) The numerical reconciliation between the taxation and the product of accounting profit multiplied by
the applicable tax rates of the Group and of the Company are as follows (continued):
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Under/(Over)provision of income tax
expense in prior years
168,048
(153,034)
-
(121,757)
(Over)/Under provision of deferred
tax in prior years
(2,169)
445,644
-
251,372
Taxation for the financial year
4,750,422 (1,885,127)
(177,176)
(638,701)
(d) Tax savings of the Group and the Company are as follows:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Arising from utilisation of current year
tax losses
-
5,311
-
5,311
Arising from utilisation of previously
unrecognised tax losses
-
48,421
-
-
(e) Tax on each component of other comprehensive income is as follows:
Group
2014
2013
Before tax Tax effect
After tax Before tax Tax effect
After tax
RM
RM
RM
RM
RM
RM
Foreign currency
translations
975,309
-
975,309 (699,250)
-
(699,250)
