10. INCOME TAX EXPENSE (CONTINUED)
Reconciliation between tax expense and accounting profit
The reconciliation of income tax expense and the product of accounting profit multiplied by the applicable corporate rate for
the years ended 31 December 2014 and 2013 is as follows:
Group
Company
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
Profit before tax after zakat
215,812
157,732
82,894
69,610
Tax at Malaysian statutory tax rate of 25% (2013: 25%)
53,953
39,433
20,724
17,403
Different tax rates in other countries
(65)
(161)
–
–
Adjustments:
Income not subject to tax
(6,693)
(2,501)
(26,780)
(24,677)
Non-deductible expenses
29,336
28,896
7,036
6,442
Expenses qualified for double deduction
(40)
(146)
–
–
Small and Medium Enterprise tax savings
(25)
(25)
–
–
Share of results of associates
(10,104)
(11,715)
–
–
Utilisation of previously unrecognised tax losses
(1,421)
(10,434)
(980)
–
Utilisation of previously unrecognised capital
allowances
(464)
–
–
–
Utilisation of previously unrecognised temporary
differences
(300)
(1,255)
–
–
(Over)/under provision in respect of previous years:
– Taxation
(4,871)
(3,655)
(1,103)
(1,097)
– Deferred tax
2,404
710
–
–
Current year deferred tax asset not recognised
6,856
8,220
–
2,515
Income tax expense/(credit)
68,566
47,367
(1,103)
586
238
KPJ Healthcare Berhad annual report
2014
Notes to the
Financial Statements
For the financial year ended 31 December 2014 (continued)
