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202 / MRCB annual report 2011 /
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2011
15 INCOME TAX EXPENSE (cont’d)
(b) Numerical reconciliation of income tax expense
The explanation of the relationship between income tax expense and profit before income tax is as follows:
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Profit before income tax 107,251 97,575 64,848 48,732
Tax calculated at the Malaysian tax rate
of 25% (2010: 25%) 26,813 24,394 16,212 12,183
Tax effects of:
Income not subject to tax (8,553) (7,457) (36,357) (3,041)
Expenses not deductible for tax purposes 15,351 14,356 22,112 165
Utilisation of previously unrecognised tax losses (10,029) (7,553) – –
Movement of previously unrecognised
deductible temporary differences (2,955) (1,630) 141 26
Over provision of tax in prior years (1,344) (661) (622) (503)
Over provision of deferred tax in prior years (4,186) 0 – –
Tax credit (2,750) (3,000) – –
Current year tax losses not utilised 2,237 4,604 – –
Group relief – – (99) (258)
Tax on share of income in jointly controlled entities 742 728 524 728
Income tax expense 15,326 23,781 1,911 9,300