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KUMPULAN FIMA BERHAD
(11817-V) |
Annual Report
2016
10. INCOME TAX EXPENSE
Major components of income tax expense
The major components of income tax expense for the years ended 31 March 2016 and 2015 are:
Group
Company
2016
2015
2016
2015
RM’000
RM’000
RM’000
RM’000
Current income tax:
- Malaysian income tax
25,091
34,627
59
398
- Underprovision in prior years
2,991
4,951
911
1,083
28,082
39,578
970
1,481
Deferred tax (Note 30):
Relating to origination and reversal of temporary
differences
5,358
(666)
(160)
(162)
(Over)/underprovision in prior years
(1,769)
(627)
10
17
3,589
(1,293)
(150)
(145)
Total income tax expense
31,671
38,285
820
1,336
The Malaysian domestic current income tax is calculated at the statutory tax rate of 24% (2015: 25%) of the
estimated assessable profit for the year.
Taxation for other jurisdictions is calculated at the rates prevailing in the respective jurisdictions. During the
current financial year, the income tax rate applicable to the subsidiaries in Indonesia and Papua New Guinea
were 25% (2015: 25%) and 30% (2015: 30%), respectively.