105
25.Income Tax
January 1, 2014
to
December 31,
2014
April 1, 2013
to
December
31, 2013
January 1, 2014
to
December 31,
2014
April 1, 2013
to
December 31,
2013
$’000
$’000
$’000
$’000
Current income tax:
Current year
45
279
45
279
Underprovision in prior years
215
-
215
-
Deferred tax expense (Note 19):
Current year
(6,423)
-
746
Under (Over) provision in prior years
691
(707)
691
(707)
(5,472)
318
951
318
Domestic income tax calculated at 17% (December 31, 2013 : 17%) of the estimated assessable profit for the year. Taxation
for other jurisdictions is calculated at the rates prevailing in the relevant jurisdictions.
The total charge for the year can be reconciled to the accounting profit as follows:
January 1, 2014
to
December 31,
2014
April 1, 2013
to
December 31,
2013
$’000
$’000
Profit before income tax
185,116
69,265
Tax at the domestic income tax rate of 17% (December 31, 2013 : 17%)
31,470
11,775
Under (Over) provision in prior years
906
(707)
Tax effect of:
Non-deductible expenses
1,363
568
Tax effect of share of results of associates
(870)
2,219
Exempt income
(1)
(29,982)
(12,837)
Effect of tax concessions
- donation
(2,310)
(382)
- productivity and innovation credit scheme
-
(1,101)
Tax rebate
(78)
(60)
Others
452
843
Income tax expense
951
318
Notes to Financial Statements
December 31, 2014
GROUP
GROUP
