Yinson Annual Report 2018

12. FINANCE COSTS Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Bank charges 3,783 5,964 1,858 2,242 Interest expenses 158,746 117,999 24,648 26,894 Fair value gain on derivatives for interest rate swap (2,066) (5,751) – – 160,463 118,212 26,506 29,136 Less: Interest expenses capitalised in property, plant and equipment (52,923) (85,898) – – 107,540 32,314 26,506 29,136 13. INCOME TAX EXPENSE Major components of income tax expense The major components of income tax expense for the financial years ended 31 January 2018 and 2017 are: Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Income statements Current income tax - continuing operations: - Malaysian income tax 1,703 191 284 204 - Foreign tax 73,199 56,068 – – - Under/(over) provision in prior years 9 (15,899) 122 – 74,911 40,360 406 204 Deferred tax - continuing operations (Note 35(b)): - Relating to origination/reversal of temporary differences (5,214) (21,656) – – - Under provision in prior year – 2 – – (5,214) (21,654) – – 69,697 18,706 406 204 Income tax expense attributable to: - Continuing operations 69,697 18,706 406 204 - Discontinued operations (Note 47) – 607 – – Income tax expense recognised in profit or loss 69,697 19,313 406 204 Notes to the Financial Statements (Cont’d) For the financial year ended 31 January 2018 136 Yinson Holdings Berhad Annual Report 2018 Accountability