Hatching For The Future - teo seng capital berhad

Notes To The Financial Statements
For The Financial Year Ended 31 March 2012
Teo Seng Capital Berhad
26. TAX EXPENSE
Group
Company
2012 2011 2012 2011
RM RM RM RM
(a) Components of tax expense
Current tax expense :
- Malaysian income tax 6,652,000 4,286,000 22,000 1,032,000
- Under/(Over)provision in prior years 84,930 (216,780) (52,454) (38,130)
6,736,930 4,069,220 (30,454) 993,870
Deferred tax expense :
- Relating to origination of temporary differences 583,896 558,740 - -
- Under/(Over)provision in prior years 63,258 (7,000) - -
7,384,084 4,620,960 (30,454) 993,870
(b) Reconciliation of effective tax rate
Profit before tax 24,521,220 26,726,609 6,267,370 4,959,851
Tax at Malaysian statutory income tax rate of 25% 6,130,000 6,682,000 1,567,000 1,240,000
Differential in tax rates 59,000 (19,500) - -
Tax effect of non-taxable income (112,000) (700) (1,806,000) (300,000)
Tax effect of non-deductible expenses 1,888,896 478,300 261,000 92,000
Effect of tax incentive (905,000) (2,207,000) - -
Deferred tax assets not recognised during the
financial year 175,000 (88,360) - -
Under/(Over)provision in prior years :
- current tax expense 84,930 (216,780) (52,454) (38,130)
- deferred tax expense 63,258 (7,000) - -
7,384,084 4,620,960 (30,454) 993,870
(c)
Subject to the agreement of the Inland Revenue Board, at 31 March, the Group has unutilised reinvestment
allowances of approximately RM 2,100,000 (2011 : RM 2,100,000) available for offsetting against future taxable profits.
27. EARNINGS PER ORDINARY SHARE
(a)
Basic earnings per ordinary share
Basic earnings per ordinary share is calculated based on profit for the financial year attributable to owners of the
Company divided by the weighted average number of ordinary shares in issue during the financial year.
Group
2012 2011
RM
RM
Profit attributable to owners of the Company 17,262,160 22,105,649
Group
2012 2011
Units Units
(b)
Number of ordinary shares in issue at 1 April 200,000,000 200,000,000
Weighted average number of ordinary shares in issue 200,000,000 200,000,000
Basic earnings per ordinary share (sen) 8.63 11.05
Diluted earnings per ordinary share
There is no dilutive potential ordinary shares in issue at the end of the reporting period.
Annual Report 2012
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