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17. TAx ExpENSE (Cont’d)<br />
Reconciliation of tax expense<br />
Masterskill Education Group Berhad / Annual Report 2012<br />
91<br />
NOTES TO THE FINANCIAL STATEMENTS (CONT’D)<br />
Group Company<br />
2012 2011 2012 2011<br />
Rm’000 Rm’000 Rm’000 Rm’000<br />
(Loss)/Profit before tax (35,447) 42,954 65,865 50,614<br />
Income tax using Malaysian<br />
tax rate of 25% (2011: 25%) (8,862) 10,739 16,466 12,654<br />
Non-deductible expenses 922 1,425 308 410<br />
Tax incentives * 1,577 (6,190) – –<br />
Deferred tax asset not recognised 105 59 – –<br />
Tax exempt income – – (16,438) (12,383)<br />
(6,258) 6,033 336 681<br />
over provision in prior years (997) (1,223) – (25)<br />
(7,255) 4,810 336 656<br />
* A subsidiary has been granted investment tax allowances which exempt 70% of its statutory income for a period of 10 years<br />
from 16 January 2006 to 16 January 2016.<br />
18. OTHER COmpREHENSIvE INCOmE<br />
Before tax<br />
Tax (expense)/<br />
benefit Net of tax<br />
Group and Company<br />
2012<br />
Rm’000 Rm’000 Rm’000<br />
Fair value of available-for-sale financial assets<br />
- Losses arising during the year (108) – (108)<br />
2011<br />
Fair value of available-for-sale financial assets<br />
- Gains arising during the year 7,156 – 7,156<br />
19. (lOSS)/EARNINGS pER ORDINARy SHARE pER ORDINARy SHARE<br />
Basic (loss)/earnings per ordinary share<br />
The calculation of basic (loss)/earnings per ordinary share at 31 December 2012 was based on the (loss)/profit attributable to<br />
ordinary shareholders of RM(28,188,000) (2011: RM38,144,000) and the weighted average number of ordinary shares at 31<br />
December 2012 of 409,906,000 (2011: 409,906,000) shares.
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