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Asia Media Group Berhad
►
Annual Report 2015
Notes to the Financial Statements
(continued)
pg.
111
20. Income tax credit (cont’d)
The numerical reconciliation between loss before tax at the statutory income tax rate to income
tax credit at the effective income tax rate of the Group and of the Company is as follows:
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Loss before tax
(105,637,420) (26,695,073) (102,143,781) (1,382,292)
Tax at Malaysian statutory tax
rate of 25% (2014: 25%)
(26,409,355) (6,673,768) (25,535,945)
(345,573)
Tax effects in respect of:
Expenses not deductible for
tax purposes
26,131,765
536,788 25,535,945
345,634
Income exempted from tax
–
(61)
–
(61)
Income not subject to tax
(129,024)
(117,294)
–
–
Net deferred tax not recognised
–
(20,910)
–
–
Current year losses for which no
deferred tax asset was
recognised
437,822
–
–
–
Effect of changes in tax rates
–
(3,775)
–
–
Utilisation of current year capital
allowances
(31,208)
–
–
–
Deferred tax liabilities recognised
during post-pioneer period
–
44,540
–
–
Tax credit for the financial year
– (6,234,480)
–
–