Download - Tenaga Nasional Berhad
Download - Tenaga Nasional Berhad
Download - Tenaga Nasional Berhad
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
TNB Financial Report 2002<br />
34<br />
Notes to the Financial Statements (Continued)<br />
– 31 August 2002<br />
9. Taxation<br />
Group<br />
Company<br />
2002 2001 2002 2001<br />
RM’million RM’million RM’million RM’million<br />
Arising in Malaysia:<br />
In respect of current financial year<br />
– Company 37.6 38.3 37.6 38.3<br />
– Subsidiaries 10.7 97.2 0 0<br />
In respect of prior years<br />
– Company 0.1 (56.6) 0 (56.6)<br />
In respect of current financial year<br />
– Deferred taxation 5.2 4.9 0 0<br />
53.6 83.8 37.6 (18.3)<br />
The amount of unutilised tax losses of subsidiaries available for set off against their future income chargeable to tax of the respective subsidiaries<br />
amounted to RM545.2 million (2001: RM552.9 million).<br />
The effective tax rate for the Company and the Group for the financial year ended 31 August 2002 is lower than the statutory rate due to the<br />
utilisation of brought forward and current capital allowances amounting to approximately RM3,504.8 million.<br />
10. Earnings Per Share<br />
(a)<br />
Basic earnings per share<br />
Basic earnings per share of the Group is calculated by dividing the net profit for the financial year by the weighted average number of<br />
ordinary shares in issue during the financial year.<br />
2002 2001<br />
Net profit for the financial year 1,400.8 2,105.0<br />
Weighted average number of ordinary shares in issue (’000) 3,108,797 3,106,519<br />
Basic earnings per share (sen) 45.1 67.8<br />
(b)<br />
Diluted earnings per share<br />
For the diluted earnings per share calculation, the weighted average number of ordinary shares in issue is adjusted to assume conversion<br />
of all dilutive potential ordinary shares. Previously, the Company has one category of dilutive potential ordinary shares; Share options granted<br />
to employees. However, the share options have expired on 11 May 2002, and therefore no dilution in earnings per share.<br />
In respect of the financial year ended 31 August 2001, in the diluted earnings per share calculation, the share options are assumed to have<br />
been converted into ordinary shares at the beginning of the financial year and the adjusted profit attributable to shareholders is arrived at<br />
after adjusting for interests savings (net of tax) on term loans.
Change language