149 / 220
1 4 5
NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2018
Kumpulan Fima Berhad (11817-V) •
Annual Report 2018
10. Income tax expense
Major components of income tax expense
The major components of income tax expense for the years ended 31 March 2018 and 2017 are:
Group
Company
2018
2017
2018
2017
RM’000
RM’000
RM’000
RM’000
Current income tax:
- Malaysian income tax
29,876
39,966
1,954
2,024
- (Over)/under provision in prior years
(149)
3,037
(23)
1,659
29,727
43,003
1,931
3,683
Deferred tax (Note 30):
Relating to origination and reversal of
temporary differences
1,398
(9,504)
-
-
Under/(over) provision in prior years
592
744
(213)
(584)
1,990
(8,760)
(213)
(584)
Total income tax expense
31,717
34,243
1,718
3,099
Domestic current income tax is calculated at the statutory tax rate of 24% (2017: 24%) 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% (2017: 25%) and 30%
(2017: 30%), respectively.