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KUMPULAN FIMA BERHAD

(11817-V) |

Annual Report

2016

10. INCOME TAX EXPENSE (CONT’D)

Reconciliation between tax expense and accounting profit

A reconciliation of income tax expense applicable to profit before tax at the statutory income tax rate to

income tax expense at the effective income tax rate of the Group and of the Company is as follows:

Group

Company

2016

2015

2016

2015

RM’000

RM’000

RM’000

RM’000

Profit before tax

111,674

122,302

52,711

41,486

Taxation at statutory tax

rate of 24% (2015: 25%)

26,802

30,576

12,651

10,372

Effect of income not subject to tax

(135)

(226)

(12,952)

(10,319)

Effect of tax rates in foreign jurisdiction

1,065

-

-

-

Effect of partial tax exemption

(34)

(115)

-

-

Effect of expenses not deductible

for tax purposes

2,435

4,956

200

183

Effect of utilisation of previously

unrecognised tax losses and

capital allowances

-

(616)

-

-

Effect of share results of associates

(372)

(1,035)

-

-

Deferred tax assets not

recognised in respect of current

year’s tax losses and

unabsorbed capital allowances

688

421

-

-

Underprovision of income

tax expense in prior years

2,991

4,951

911

1,083

(Over)/underprovision of

deferred tax in prior years

(1,769)

(627)

10

17

Tax expense for the year

31,671

38,285

820

1,336