Change - S P Setia Berhad
Change - S P Setia Berhad
Change - S P Setia Berhad
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127<br />
S P <strong>Setia</strong> <strong>Berhad</strong> Group<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 OCTOBER 2008<br />
38. FINANCE COSTS<br />
Group<br />
Company<br />
2008 2007 2008 2007<br />
RM’000 RM’000 RM’000 RM’000<br />
Interest paid and payable on:<br />
Amortisation of bond discount – – 10,948 –<br />
Bank overdrafts 416 174 60 53<br />
Bond interest 5,515 – 9,397 –<br />
Revolving credits 752 900 752 900<br />
Bankers’ acceptance 21 – – –<br />
Hire purchase and finance lease 179 195 – –<br />
Others 93 4 – –<br />
6,976 1,273 21,157 953<br />
39. TAX EXPENSE<br />
Malaysian taxation based on results for the year<br />
Group<br />
Company<br />
2008 2007 2008 2007<br />
RM’000 RM’000 RM’000 RM’000<br />
– current 73,192 73,577 4,730 266,500<br />
– deferred (324) (11,009) 238 (72)<br />
(Over)/Underprovision in prior years<br />
72,868 62,568 4,968 266,428<br />
– current (2,280) 16,232 2,838 (1,182)<br />
– deferred 6,972 (10,377) 220 (579)<br />
77,560 68,423 8,026 264,667<br />
The statutory tax rate applicable to the Company was reduced from 27% in 2007 to 26% in 2008.
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