APM AUTOMOTIVE HOLDINGS BERHAD
88
NOTES TO THE
FINANCIAL STATEMENTS
26. Income tax expense (continued)
Group
Company
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
Restated
Current tax expense
Malaysia
- Current year
32,984
43,332
136
168
- Under/(Over) provision in prior year
567
(367)
-
699
Overseas
- Current year
367
240
-
-
Total current tax recognised in profit or loss
33,918
43,205
136
867
Others
102
189
-
5
Deferred tax expense
- Origination and reversal of temporary
differences
(115)
(1,000)
73
98
- Under/(Over) provision in prior year
228
(1,759)
-
10
Total deferred tax recognised in profit or loss
113
(2,759)
73
108
Share of tax of associate
226
186
-
-
Share of tax of joint ventures
850
4,546
-
-
Total income tax expense
35,209
45,367
209
980
Reconciliation of tax expense
Profit for the year
111,152
141,369
65,376
136,377
Total income tax expense
35,209
45,367
209
980
Profit excluding tax
146,361
186,736
65,585
137,357
Income tax using Malaysian tax rate of 25%
(2013: 25%)
36,590
46,684
16,396
34,339
Non-deductible expenses
3,400
4,752
1,313
1,318
Tax exempt income
-
(125)
(17,500)
(35,250)
Tax incentives
(3,204)
(3,243)
-
(141)
Other items
(2,448)
(764)
-
-
Withholding tax
76
190
-
5
34,414
47,494
209
271
Malaysia
- Under/(Over) provision of tax expense in prior
year
567
(367)
-
699
- Under/(Over) provision of deferred tax expense
in prior year
228
(1,760)
-
10
Total tax expense
35,209
45,367
209
980
