22) INCOME TAX EXPENSE/(CREDIT)
(Cont’d)
A numerical 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
2014
2013
2014
2013
RM
RM
RM
RM
Accounting profit/(loss)
(26,695,073) 7,227,705 (1,382,292)
(576,085)
Tax at the applicable statutory
income tax rate of 25%
(6,673,768) 1,806,927
(345,573)
(144,021)
Tax effects in respect of:
Expenses that are not
deductible for tax purposes
536,788
365,156
345,634
144,671
Net deferred tax not recognised
(20,910)
(23,387)
–
–
Income exempted from tax
(61)
(87,583)
(61)
(650)
Income not subject to tax
(117,294) (2,056,195)
–
–
Changes in tax rate
(3,775)
(259,807)
–
–
Additional deferred tax liabilities
recognised during post-pioneer
period
44,540 2,321,078
–
–
Income tax expense/(credit)
(6,234,480) 2,066,189
–
–
As at 31st December 2014, the deferred tax asset which has not been recognised in the financial
statements of the Group arising from unabsorbed capital allowance amounted to RM4,864,771
(2013: RM Nil).
Asia Media Group Berhad Annual Report 2014
113
NOTES TO THE FINANCIAL STATEMENTS
(Cont’d)
