ANNUAL REPORT 2016
74
Techno
Dex
Berhad
(627634-A)
25. INCOME TAX EXPENSE
The Group The Company
2016
2015
2016
2015
RM
RM
RM
RM
Malaysian taxation based on the results
for the year:
- Current
397,402
406,803
25,767
-
- Under/(Over) provision in prior year
(131,781)
(40,365)
-
301
Deferred tax (Note 19)
(14,592)
75,624
-
-
251,029
442,062
25,767
301
A reconciliation of income tax expense applicable to the profit/(loss) before taxation at the statutory tax rate to
income tax expense at the effective tax rate of the Group and the Company is as follows:-
The Group The Company
2016
2015
2016
2015
RM
RM
RM
RM
Profit/(loss) before taxation
2,323,720
770,021 (1,887,224)
(218,651)
Taxation at the staturoty tax rate
of 24% (2015: 25%)
557,693
192,505
(452,934)
(54,663)
Effect of expenses not deductible
for tax purposes
575,956
1,479,894
456,025
721,494
Income not subject to tax
(716,442)
-
-
-
Effect of temporary differences
not recognised
(34,397)
(1,189,972)
22,676
(666,831)
Under/(Over) provision
for tax expenses in prior year
(131,781)
(40,365)
-
301
251,029
442,062
25,767
301
One of the Group’s subsidiary has been granted Pioneer Status under the Promotion of Investments Act, 1986 as
a MSC Malaysia Status Company for a period of five year from 10 March 2016 to 9 March 2021 and enjoy 100%
tax exemption on the approved pioneer activities during the said period.
No deferred tax assets are recognised in the statements of financial position for the following items:
The Group The Company
2016
2015
2016
2015
RM
RM
RM
RM
Unabsorbed capital allowances
82,000
-
82,000
-
Unutilised tax losses
6,400,000
8,877,000
-
-
6,482,000
8,877,000
82,000
-
NOTES TO THE
FINANCIAL STATEMENTS
(continued)
