ANNUAL REPORT 2012 - Wawasan TKH Holdings Berhad

WAWASAN TKH HOLDINGS BERHAD (540218-A)
ANNUAL REPORT 2012
079
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2012 (cont’d)
21. TAXATION
2012
RM’000
Group
2011
RM’000
2012
RM’000
Company
2011
RM’000
Current taxation based on
loss for the financial year
Over provision in prior years
-
-
-
(53)
-
-
(53)
Deferred tax (Note 17):
Relating to origination
and reversal of temporary differences
-
(293)
(53)
(292)
-
-
(53)
-
(293)
(345)
-
(53)
The Malaysian income tax is calculated at the statutory tax rate of 25% (2011: 25%) of the estimated taxable
profit for the fiscal year.
Tax expense for other taxation authorities are calculated at the rates prevailing in those respective jurisdictions.
The numerical reconciliations between the tax income and the product of accounting loss multiplied by the
applicable tax rate of the Group and of the Company are as follows:
2012
RM’000
Group
2011
RM’000
2012
RM’000
Company
2011
RM’000
Loss before tax
(10,538)
(15,129)
(3,334)
(5,346)
Tax at Malaysia tax rate of
25% (2011: 25%)
(2,634)
(3,783)
(834)
(1,336)
Non-taxable income
Non-allowable expenses
Deferred tax assets
not recognised
Differences of tax rate in
foreign jurisdiction
(549)
535
2,369
(14)
(1,641)
2,299
2,887
(54)
(500)
1,334
-
-
-
1,336
-
-
Over provision of tax
expense in prior years
(293)
-
(292)
(53)
-
-
-
(53)
(293)
(345)
-
(53)