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KUMPULAN FIMA BERHAD

(11817-V) |

Annual Report

2016

10. INCOME TAX EXPENSE

Major components of income tax expense

The major components of income tax expense for the years ended 31 March 2016 and 2015 are:

Group

Company

2016

2015

2016

2015

RM’000

RM’000

RM’000

RM’000

Current income tax:

- Malaysian income tax

25,091

34,627

59

398

- Underprovision in prior years

2,991

4,951

911

1,083

28,082

39,578

970

1,481

Deferred tax (Note 30):

Relating to origination and reversal of temporary

differences

5,358

(666)

(160)

(162)

(Over)/underprovision in prior years

(1,769)

(627)

10

17

3,589

(1,293)

(150)

(145)

Total income tax expense

31,671

38,285

820

1,336

The Malaysian domestic current income tax is calculated at the statutory tax rate of 24% (2015: 25%) of the

estimated assessable profit for the year.

Taxation for other jurisdictions is calculated at the rates prevailing in the respective jurisdictions. During the

current financial year, the income tax rate applicable to the subsidiaries in Indonesia and Papua New Guinea

were 25% (2015: 25%) and 30% (2015: 30%), respectively.