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FIMA CORPORATION BERHAD
(21185-P) |
Annual Report
2016
NOTES TO THE FINANCIAL
STATEMENTS 31 MARCH 2016
(contd.)
9.
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
24,889
26,413
896
808
- Under/(over) provision in prior years
846
3,854
3
(184)
25,735
30,267
899
624
Deferred tax (Note 27):
- Relating to reversal and origination
of temporary differences
(1,690)
(2,013)
(70)
(70)
Relating to changes in tax rates
183
-
21
-
- (Over)/under provision in prior years
(1,800)
(732)
38
4
(3,307)
(2,745)
(11)
(66)
Total income tax expense
22,428
27,522
888
558
Domestic income tax is calculated at the Malaysian statutory tax rate of 24% (2015: 25%) of the estimated
assessable profit for the year. The corporate rate tax applicable to the Indonesian subsidiary of the Group
is 25% (2015: 25%).