Annual Report Laporan Tahunan - Baiduri Bank

Notes to Financial Statements
December 31, 2008
16 INCOME TAX
The Group
The Company
2008 2007 2008 2007
B$’000 B$’000 B$’000 B$’000
(a)
Tax expense
Income tax expense attributable to
profit is made up of:
Current income tax provision - Brunei 8,699 13,461 3,642 8,563
Deferred taxation (25) (16) - -
Net 8,674 13,445 3,642 8,563
The Group
The Company
2008 2007 2008 2007
B$’000 B$’000 B$’000 B$’000
(b)
Movement in provision for tax
Balance at the beginning of the financial year 13,557 8,030 8,649 5,295
Income tax paid (9,735) (7,934) (5,264) (5,209)
Current financial year’s tax expense on profit 8,699 13,461 3,642 8,563
Transfer to deferred taxation (3,300) - (3,300) -
9,221 13,557 3,727 8,649
The Group
The Company
2008 2007 2008 2007
B$’000 B$’000 B$’000 B$’000
(c)
Deferred taxation
Balance at the beginning of the year 302 318 240 240
Transfer from/ (to) current income tax 3,275 (16) 3,300 -
Balance at the end of the year 3,577 302 3,540 240
17 PROVISION FOR RETIREMENT BENEFITS
The Group/The Company
2008 2007
B$’000 B$’000
Balance at the beginning of the year 1,203 753
Charge for the year 500 450
Utilised (15) -
Balance at the end of the year 1,688 1,203
Baiduri Bank Annual Report 2008 39