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