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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