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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
28. PROFIT/(LOSS) BEFORE TAXATION (continued)
Group
Company
2015
2014
2015
2014
Note
RM
RM
RM
RM
And crediting:
Dividend income from a subsidiary
-
-
6,200,000
-
Gain on disposal of property, plant and
equipment
222,571
-
-
-
Gain on disposal of
- available-for-sale investment
-
76,424
-
-
Gain on foreign exchange:
- realised
-
169,876
-
135,314
- unrealised
-
-
8,742,785
615,253
Interest income from:
- deposits with licensed banks
1,153,338
648,293
481,734
188,164
- advances to subsidiaries
-
-
93,998
499,308
Inventories written back
-
41,154
-
41,154
Property, plant and equipment written back 7
-
616
-
-
Reversal of impairment losses on trade and
other receivables
13
182,007
184,073
4,109,522 15,361,331
29. TAXATION
Group
Company
2015
2014
2015
2014
Note
RM
RM
RM
RM
Current tax expense based on profit
for the financial year:
Malaysia income tax
3,633,726
1,968,654
-
-
Foreign income tax
1,194,049
1,672,853
32,512
87,886
Under provision in prior years
463,690
168,048
-
-
5,291,465
3,809,555
32,512
87,886
Withholding tax
761
33,676
761
13,231
Deferred tax:
14
Relating to origination and reversal of
temporary differences
970,438
909,360
-
(278,293)
Over provision in prior years
(387,535)
(2,169)
-
-
582,903
907,191
-
(278,293)
Taxation for the financial year
5,875,129
4,750,422
33,273
(177,176)