176 / 244
Annual Report 2020
172
Notes to the Financial Statements
As at 31 March 2020
kumpulan Fima Berhad
(197201000167)(11817-V)
11. Income tax expense
Major components of income tax expense
The major components of income tax expense for the years ended 31 March 2020 and 2019 are:
Group
Company
2020
RM'000
2019
RM'000
2020
RM'000
2019
RM'000
Current income tax:
- Malaysian income tax
19,910
28,681
258
2,132
- Under/(over) provision in prior years
794
(643)
73
(211)
20,704
28,038
331
1,921
Deferred tax (Note 34):
Relating to origination and reversal of
temporary differences
2,989
843
(108)
(199)
Under/(over) provision in prior years
670
796
2
(10)
3,659
1,639
(106)
(209)
Total income tax expense
24,363
29,677
225
1,712
Domestic current income tax is calculated at the statutory tax rate of 24% (2019: 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% (2019:
25%) and 30% (2019: 30%), respectively.