Page 156 - KPJ_2011

9. Zakat
10. Income tax expense
Major components of income tax expenses
The major components of income tax expenses for the years ended 31 December 2011 and 2010 are:
The current income tax is calculated at the statutory tax rate of 25% (2010: 25%) of the estimated assessable promt
for the year.
Reconciliation between tax expense and accounting profit
The reconciliation of income tax expense and the product of accounting promt multiplied by the applicable corporate
rate for the years ended 31 December 2011 and 2010 is as follows:
At 1 January 1,269 1,395 10 10
Zakat expense for the mnancial year 1,300 1,269 15 10
Zakat paid during the mnancial year (1,269) (1,395) (10) (10)
At 31 December 1,300 1,269 15 10
Group Company
2011
RM’000
2011
RM’000
2010
RM’000
2010
RM’000
Statements of comprehensive income:
Current income tax -
- Malaysian income tax 43,832 36,382 6,577 9,181
- Under/(over) provision in respect of previous years 764 (1,445) (533) 87
44,596 34,937 6,044 9,268
Deferred income tax -
- Origination and reversal of temporary differences 6,344 4,586 - -
- (Over)/under provision in respect of previous years (1,902) 945 - -
4,442 5,531 - -
Income tax expense recognised in promt or loss 49,038 40,468 6,044 9,268
Group Company
2011
RM’000
2011
RM’000
2010
RM’000
2010
RM’000
Promt before tax after zakat 203,297 166,689 87,713 45,749
Tax at statutory tax rate of 25% 50,824 41,672 21,928 11,437
Income not subject to taxation (713) (1,789) (20,866) (2,748)
Non-deductible expenses 7,893 11,554 5,515 492
Share of results of associates (7,067) (5,980) - -
Benemts from previously unrecognised tax losses (595) (3,948) - -
Benemts from previously unrecognised
temporary differences (166) (27) -
Reversal of deferred tax liabilities due to exemption
on taxes arising on disposal of buildings
to Al-’Aqar Healthcare REIT - (514) - -
Under/(over) provision in respect of previous years
- current tax 764 (1,445) (533) 87
- deferred tax (1,902) 945 - -
Tax expense for the year 49,038 40,468 6,044 9,268
Group Company
2011
RM’000
2011
RM’000
2010
RM’000
2010
RM’000
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2011 (continued)
151 ANNUAL REPORT 2011