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Notes To The
Financial Statements
As at 31 March 2019
9.
Income tax expense
Major components of income tax expense
The major components of income tax expense for the years ended 31 March 2019 and 2018 are:
Group
Company
2019
2018
2019
2018
RM’000
RM’000
RM’000
RM’000
(Restated)
(Restated)
Current income tax:
- Malaysian income tax
14,866
17,929
444
700
- Overprovision in prior years
(2,657)
(257)
(211)
(7)
12,209
17,672
233
693
Deferred taxation (Note 27):
- Relating to reversal and origination of
temporary differences
1,660
2,467
(38)
(38)
- Under provision in prior years
282
752
26
192
1,942
3,219
(12)
154
Total income tax expense
14,151
20,891
221
847
Domestic income tax is calculated at the statutory tax rate of 24% (2018: 24%) of the estimated assessable
profit for the year. The corporate rate tax applicable to the Indonesian subsidiary of the Group is 25%
(2018: 25%).
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
2019
2018
2019
2018
RM’000
RM’000
RM’000
RM’000
(Restated)
(Restated)
Profit before tax
79,477
60,965
55,980
56,706
Taxation at Malaysian statutory tax rate of
24% (2018: 24%)
19,074
14,632
13,435
13,609
Effect of tax rates in foreign jurisdiction
405
428
-
-
Effect of expenses not deductible for tax
purposes
4,906
5,805
787
839
Effect of partial tax exemption
(17)
(41)
-
-
Deferred tax assets not recognised
663
88
-
-
Effect of share of results of associate
(896)
(407)
-
-
Income not subject to tax
(7,609)
(109)
(13,816)
(13,786)
Under provision of deferred tax in prior years
282
752
26
192
Overprovision of income tax expense in prior
years
(2,657)
(257)
(211)
(7)
14,151
20,891
221
847
financial
statements
137