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74

NANYANG PRESS HOLDINGS BERHAD

2005

2004

2005

2004

RM’000

RM’000

RM’000

RM’000

Tax expense for the year: Malaysian income tax

4,499

7,042

2,023

1,340

25. TAXATION

Group

Company

( 110 )

( 538 )

61

-

74

( 1,811 )

19

-

( 36 )

( 2,349 )

80

-

(Over)/underprovided in prior years

( 1,470 )

860

29

362

Deferred tax (Note 20): Relating to origination and reversal of temporary differences Under/(over)provided in prior years

2,993

5,553

2,132

1,702

Domestic income tax is calculated at the Malaysian statutory tax rate of 28% (2004: 28%) of the estimated assessable profit for the year.

A reconciliation of income tax expense applicable to profit before taxation 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:

2005

2004

RM’000

RM’000

GROUP

Profit before taxation

13,519

20,045

Taxation at Malaysian statutory tax rate of 28% (2004: 28%) Effect of different tax rates for small and medium scale companies Expenses not deductible for tax purposes Utilisation of current year’s reinvestment allowances Utilisation of previously unrecognised tax losses

3,785 ( 16 ) 960 ( 393 )

5,613

- 540 ( 820 )

and unabsorbed capital allowances Deferred tax assets not recognised during the year Under/(over)provision of deferred tax in prior years (Over)/underprovision of income tax in prior years

( 58 ) 111 74 ( 1,470 )

( 37 ) 1,208 ( 1,811 ) 860

Tax expense for the year

2,993

5,553

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