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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 (CONTD.)
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
Group
Profit before tax
77,300
87,827
47,415
37,427
Taxation at Malaysian statutory
tax rate of 24% (2015: 25%)
18,489
21,957
11,380
9,357
Effect of tax rates in foreign jurisdiction
812
-
-
-
Effect of changes in tax rates on
opening balance of deferred tax
183
-
21
-
Effect of expenses not deductible for
tax purposes
3,961
3,392
756
875
Effect of partial tax exemption
(34)
(115)
-
-
Effect of share of results of associates
(372)
(834)
-
-
Income not subject to tax
-
-
(11,310)
(9,494)
(Over)/under provision of deferred tax
in prior year
(1,800)
(732)
38
4
Under/(over) provision of income tax
expense in prior year
846
3,854
3
(184)
Deferred tax assets not recognised
343
-
-
-
Income tax expense recognised in
in profit or loss
22,428
27,522
888
558
Tax losses are analysed as follows:
Group
2016
2015
RM’000
RM’000
Tax savings recognised during the year arising from:
Utilisation of tax losses brought forward from previous years
377
-