150 / 220
1 4 6
NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2018
fInanCIal StatementS
10. Income tax expense (cont’d.)
Reconciliation between tax expense and accounting profit
A reconciliation of income tax expense applicable to profit before tax at the statutory income tax rate to income tax expense
at the effective income tax rate of the Group and of the Company is as follows:
Group
Company
2018
2017
2018
2017
RM’000
RM’000
RM’000
RM’000
Profit before tax
80,484
84,672
42,697
54,300
Taxation at statutory tax rate of 24% (2017: 24%)
19,316
20,321
10,248
13,032
Effect of income not subject to tax
(63)
(695)
(10,499)
(13,428)
Effect of tax rates in foreign jurisdiction
3,029
1,153
-
-
Effect of partial tax exemption
(41)
(32)
-
-
Effect of expenses not deductible for tax purposes
5,991
10,310
2,205
2,420
Effect of utilisation of previously unrecognised
deferred tax
(244)
-
-
-
Effect of share results of associates
(407)
(687)
-
-
Deferred tax assets not recognised in respect
of current year’s tax losses and unabsorbed
capital allowances
3,693
92
-
-
(Over)/under provision of income tax expense
in prior years
(149)
3,037
(23)
1,659
Under/(over) provision of deferred tax in prior years
592
744
(213)
(584)
31,717
34,243
1,718
3,099
11. Earnings per share
Basic earnings per share is calculated by dividing profit for the year, net of tax, attributable to owners of the parent by
the weighted average number of ordinary shares in issue during the financial year, excluding treasury shares held by the
Company.