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Notes to the
Financial Statements
As at 31 March 2019
10. Income tax expense (cont’d.)
Reconciliation between tax expense and accounting profit (cont’d.)
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: (cont’d.)
Group
Company
2019
2018
2019
2018
RM’000
RM’000
RM’000
RM’000
Effect of share results of associates
(896)
(407)
-
-
Deferred tax assets not recognised in respect
of current year’s tax losses and unabsorbed
capital allowances
2,105
3,693
-
-
Overprovision of income tax expense in
prior years
(643)
(149)
(211)
(23)
Under/(over) provision of deferred tax in
prior years
796
399
(10)
(213)
29,677
31,500
1,712
1,718
Domestic current income tax is calculated at the statutory tax rate of 24% (2018: 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% (2018: 25%) and 30% (2018: 30%), respectively.
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.
The following tables reflect the profit and share data used in the computation of basic and diluted earnings per
share for the years ended 31 March:
Group
2019
2018
RM’000
RM’000
Profit net of tax attributable to equity holders of the Company used in the
computation of basic/diluted earnings per share
59,840
29,872
financial
statements
153