ANNUALREPORT 2013
101
Notes to theFinancial Statements
(Cont’d)
22) INCOMETAXEXPENSE
GROUP
COMPANY
2013
2012
2013
2012
RM
RM
RM
RM
Taxation based on short term
deposit interest received
1,090
5,165
–
–
Deferred tax liability (Note 17)
- current year
2,065,099 3,606,156
–
–
- underprovision in prior year
–
559,066
–
–
2,065,099 4,165,222
–
–
2,066,189 4,170,387
–
–
Anumerical reconciliation of income tax expense and the product of the accounting profit/(loss)
multiplied by the applicable statutory income tax rate of the Group and of the Company is as
follows:
GROUP
COMPANY
2013
2012
2013
2012
RM
RM
RM
RM
Accountingprofit/(loss)
7,227,705 15,877,870
(576,085) 13,999,993
Tax at the applicable statutory
income tax rate of 25%
1,806,927 3,969,468
(144,021) 3,499,998
Tax effects in respect of:
Expenses that are not deductible
for tax purposes
365,156
366,066
144,671
250,545
Net deferred tax not recognised
(23,387)
(22,092)
–
–
Incomeexempted from tax
(87,583)
(84,755)
(650) (3,750,543)
Incomenot subject to tax
(2,056,195) (617,366)
–
–
Changes in tax rate
(259,807)
–
–
–
Additional of deferred tax liabilities
recognised during
post-pioneer period
2,321,078
–
–
–
Underprovisionof deferred tax
liability in prior year
–
559,066
–
–
Income tax expense
2,066,189 4,170,387
–
–
