Download PDF - ChartNexus

098
SapuraCrest Petroleum Berhad
Annual Report 2010
noteS to the FinAnCiAl StAtementS
31 January 2010
10. inCome tAX eXPenSe
group Company
2010 2009 2010 2009
Rm’000 Rm’000 Rm’000 Rm’000
Income tax:
Malaysian income tax 32,253 35,948 12,387 10,948
Foreign tax 10,456 10,796 — —
42,709 46,744 12,387 10,948
Overprovided in prior years:
Malaysian income tax (5,994) (4,313) (691) (10,553)*
Foreign tax (4,415) (1,568) — —
(10,409) (5,881) (691) (10,553)
32,300 40,863 11,696 395
Deferred tax: (Note 18)
Relating to origination of temporary differences (6,405) (12,773) (6,091) (3,652)
(Over)/under provided in prior years 2,850 3,959 3,705 4,389)*
Relating to changes in tax rate — (259) — (169)
(3,555) (9,073) (2,386) 568
Total income tax expense 28,745 31,790 9,310 963
* Includes tax provision relating to dividend receivables from subsidiaries in the previous year amounting to RM8.4 million.
Domestic income tax is calculated at the Malaysian statutory tax rate of 25% (2009: 25%) of the estimated assessable profit for the
year.