Download PDF - ChartNexus

NOTES TO THE FINANCIAL STATEMENTS (cont’d)
31 DECEMBER 2012
29 TAX EXPENSE
2012
RM
Group Company
Current tax:
- Provision for the year 4,998,546 3,408,577 - -
- Overprovision in previous year (83,035) - - -
2011
RM
2012
RM
2011
RM
4,915,511 3,408,577 - -
Deferred tax: (Note 19)
- Relating to origination and reversal of
temporary differences (651,179) 57,524 - -
- Overprovision in previous year (127,721) - - -
- Crystallisation on revaluation surplus (2,102) (2,107) - -
(781,002) 55,417 - -
Tax expense for the year 4,134,509 3,463,994 - -
Reconciliation of tax expense
2012
RM
Group Company
Profit before taxation from:
- continuing operations 17,807,144 16,488,946 4,085,557 4,171,697
- discontinued operations - (38,431) - -
Profit before taxation 17,807,144 16,450,515 4,085,557 4,171,697
Income tax at Malaysian tax
rate of 25% (2011: 25%) 4,451,785 4,112,628 1,021,389 1,042,924
Income not subject to tax (2,954) (287,352) (1,354,343) (1,244,545)
Expenses not deductible for tax purposes 495,033 421,901 332,954 204,595
Deferred tax assets not recognised previously (617,052) (562,555) - (2,974)
Deferred tax liabilities not recognised 20,555 (218,521) - -
2011
RM
2012
RM
2011
RM
4,347,367 3,466,101 - -
Overprovision in previous year:
- current tax (83,035) - - -
- deferred tax (127,721) - - -
Crystallisation of deferred tax liabilities (2,102) (2,107) - -
Total tax expense 4,134,509 3,463,994 - -
Gunung Capital Berhad (330171-P)
83
annual report | 2012