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242

Notes to the

Financial Statements

for the year ended 31 December 2016

10. INCOME TAX EXPENSE (CONT’D.)

Reconciliation between tax expense and accounting profits (cont’d.)

A reconciliation of income tax expense and the product of accounting profit multiplied by the applicable corporate tax

rate for the years ended 31 December 2016 and 2015 are as follows: (cont’d.)

2016

RM’000

2015

RM’000

Company

Profit before tax

226,982

93,568

Less: Zakat

(475)

(606)

226,507

92,962

Taxation at Malaysian statutory tax rate of 24% (2015: 25%)

54,362

23,241

Non-deductible expenses

8,365

7,067

Income not subject to tax – tax exempt dividend

(62,602)

(30,308)

Income tax expense recognised in income statements

125

11. EARNINGS PER SHARE

Basic earnings per share amounts are calculated by dividing profit for the year attributable to owners of the parent by

the weighted average number of ordinary shares in issue during the financial year held by the Company.

Group

2016

RM’000

2015

RM’000

Profit attributable to owners of the parent

80,056

191,181

Number

of shares

‘000

Number

of shares

‘000

Weighted average number of ordinary shares in issue

826,821

813,501