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01.01.2009

1.11.2007

01.01.2009

1.11.2007

to

to

to

to

31.12.2009

31.12.2008

31.12.2009

31.12.2008

RM

RM

RM

RM

Interest expense - advances from Directors - bankers' acceptance - gold loan - standby letters of credit - term loans

- 501,004 411,177 6,022 1,001,678

61,358 1,218,674 606,905 167,769 169,367

- - - - 230,435

- - - - -

1,919,881

2,224,073

230,435

-

Company

Group

YIKON

CORPORATION BHD

(527272-V)

Notes to the Financial Statements (cont’d)

28.

FINANCE COSTS

(23,917) 2,195

(86,759) -

- 2,195

- -

(21,722)

(86,759)

2,195

-

- 586,724

- -

- -

- -

586,724

-

-

-

565,002

(86,759)

2,195

-

01.01.2009

1.11.2007

01.01.2009

1.11.2007

to

to

to

to

31.12.2009

31.12.2008

31.12.2009

31.12.2008

RM

RM

RM

RM

Company

Income tax

  • -

    current year

  • -

    prior years

Deferred taxation

  • -

    current year

  • -

    prior years

Group

29.

TAXATION

2009

2008

2009

2008

RM

RM

RM

RM

Income tax is calculated at the Malaysian statutory tax rate of 25% (2008: 26%) of the estimated assessable profit for the fiscal year. The computation of deferred tax as at 31st December 2009 has been reflected with these changes accordingly.

Tax at applicable tax rate of 25% (2008 : 26%) Tax effects arising from

  • -

    non-deductible expenses

  • -

    non-taxable income

  • -

    change in tax rate

  • -

    different tax rate in foreign jurisdictions

  • -

    deferred tax assets not recognised

  • -

    other items

  • -

    overaccrual in prior years

Tax expense for the financial year

3,445,140

1,210,492

178,043

(921,001) 292,024 (227,082) 73,979 (2,769,539) 19,720 -

(1,210,492) - - - - - 2,195

(178,043) - - - - - -

(86,759)

2,195

-

A reconciliation of income tax expense applicable to loss 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 are as follows:-

Loss before taxation

565,002

Group

Company

(7,793,240)

(13,250,539)

(4,841,968)

(19,719,279)

1,948,310

- 588,919

(956,451)

828 - (537,037) (479,567)

Annual Report 2009

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