134 / 188
130
NOTES TO THE FINANCIAL STATEMENTS
F I N A N C I A L S TAT E M E N T S
9.
INCOME TAX EXPENSE (CONT’D.)
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
2018
2017
2018
2017
RM’000
RM’000
RM’000
RM’000
Group
Profit before tax
63,303
61,261
56,706
22,236
Taxation at Malaysian statutory tax rate of 24%
(2017: 24%)
15,193
14,703
13,609
5,336
Effect of tax rates in foreign jurisdiction
428
1,153
-
-
Effect of expenses not deductible for tax purposes
5,445
8,805
839
740
Effect of partial tax exemption
(41)
(32)
-
-
Deferred tax assets not recognised
88
92
-
-
Effect of share of results of associate
(407)
(645)
-
-
Income not subject to tax
(109)
-
(13,786)
(5,402)
Under provision of deferred tax in prior year
752
776
192
24
(Over)/under provision of income tax expense in prior
year
(257)
1,402
(7)
-
21,092
26,254
847
698
Tax losses are analysed as follows:
Group
2018
2017
RM’000
RM’000
Tax savings recognised during the year arising from:
Unutilised tax losses carried forward
-
4,651