DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
|
Annual Report
2015
114
26. Income tax expense (cont’d)
Reconciliation of income tax expense
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Profit for the year
170,627,056 180,132,014 11,393,736 63,992,150
Total income tax expense
32,762,552 37,529,524 1,596,032 1,728,569
Profit excluding tax
203,389,608 217,661,538 12,989,768 65,720,719
Share of tax of equity-
accounted associate
640,000
368,000
-
-
204,029,608 218,029,538 12,989,768 65,720,719
Tax calculated using
Malaysian tax rate of
25% (2014: 25%)*
51,007,000 54,507,000 3,247,000 16,430,000
Non-deductible expenses
9,203,823 19,909,935 6,409,032 1,064,350
Non taxable income
(8,060,000) (22,431,000) (8,060,000) (15,766,000)
Income exempted from tax
under Section 54A of
Income Tax Act, 1967^
(3,178,000) (3,030,805)
-
-
Effect of changes in tax rate
449,311
57,000
-
-
Movement of tax exempt
assets
(10,118,895) (7,588,016)
-
-
Others
(48,096)
103,236
-
-
39,255,143 41,527,350 1,596,032 1,728,350
(Over)/Under provision
in prior years
(5,852,591) (3,629,826)
-
219
33,402,552 37,897,524 1,596,032 1,728,569
Less: Share of tax of
equity-accounted
associate
(640,000)
(368,000)
-
-
Total income tax expense
32,762,552 37,529,524 1,596,032 1,728,569
Notes to the
Financial Statements
(cont’d)
