2012 Annual Report - Media Prima Berhad

8 TAXATION (CONTINUED)
The explanation of the relationship between taxation and profit before taxation is as follows:
Group
Company
2012 2011 2012 2011
Restated
RM’000 RM’000 RM’000 RM’000
Profit before taxation 282,945 277,742 108,301 279,772
Tax calculated at the Malaysian corporate
income tax rate of 25% (2011: 25%) 70,736 69,435 27,075 69,943
Tax effects of:
– expenses not deductible for tax purpose 7,208 12,002 2,347 4,379
– income not subject to tax (499) (2,161) (6,500) (30,031)
– temporary differences and unutilised tax
losses not recognised 3,025 6,970 1,763 3,403
– over-recognition of previous year
deferred tax liabilities (1,350) (3,527) – –
– share of results of an associate (1,982) (778) – –
– expenses eligible for double reduction (343) (331) – –
– over accruals in prior financial years (4,828) (10,194) 1,875 (2,406)
– utilisation of Group tax relief – – 4,995 –
Taxation 71,967 71,416 31,555 45,288
Included in income tax expense of the Group are tax savings amounting to RM6,585,157 (2011: RM1,862,738) from
utilisation of current tax losses.
There is no tax charge/credit relating to components of ‘other comprehensive income’.
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2012
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