Yinson Annual Report 2019

153 Yinson Group Overview Strategy and Sustainability Governance Accountability Annual General Meeting 12. FINANCE COSTS Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Bank charges 6,163 3,783 1,120 1,858 Interest expenses 189,025 158,746 48,406 24,648 Fair value loss/(gain) on derivatives for interest rate swap 747 (2,066) – – 195,935 160,463 49,526 26,506 Less: Interest expenses capitalised in property, plant and equipment (10,376) (52,923) – – 185,559 107,540 49,526 26,506 13. INCOME TAX EXPENSE Major components of income tax expense The major components of income tax expense for the financial years ended 31 January 2019 and 2018 are: Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Income statements Current income tax - Malaysian income tax 1,520 1,703 440 284 - Foreign tax 75,478 73,199 35 – - Under/(over) provision in prior years 1,986 9 (140) 122 78,984 74,911 335 406 Deferred tax (Note 35): - Relating to origination/reversal of temporary differences 498 (5,214) – – 79,482 69,697 335 406