2009 - TDM Berhad

TDM Berhad (6265-P) 91Notes to the Financial Statements8. Income Tax Expense (cont’d.)A reconciliation of income tax expense applicable to profi t before taxation at the statutory income tax rate to income tax expense at theeffective income tax rate of the Group and of the Company is as follows:2009 2008RM’000 RM’000GroupProfi t before tax 77,487 140,686Taxation at Malaysian statutory rate of 25% (2008: 26%) 19,372 36,578Relating to changes in tax rates – 12Income not subject to tax (3,146) (39)Effect of income subject to tax rate of 20% – (54)Expenses not deductible for tax purposes 4,840 3,624Utilisation of previously unrecognised tax losses and unabsorbed capital allowances (687) 2Deferred tax assets recognised during the year – (793)Deferred tax assets not recognised during the year 362 171Under/(over)provision of deferred tax in prior years 212 (448)Underprovision of income tax in prior year 587 1,333Tax expense for the year 21,540 40,386CompanyProfi t before tax 38,630 42,657Taxation at Malaysian statutory rate of 25% (2008: 26%) 9,658 11,091Relating to changes in tax rates – 12Income not subject to tax (3,024) –Expenses not deductible for tax purposes 2,641 5,692Overprovision of deferred tax in prior year (6) (25)(Over)/underprovision of income tax in prior year (109) 249Tax expense for the year 9,160 17,019