ANNUAL%20REPORT%202015%20eng

Notes to Consolidated Financial Statements
7 INCOME TAX
(a)
Income tax in the consolidated statement of comprehensive income represents:
2015 2014
USD’000 USD’000
Current tax
Provision for the year (Note 25(a)) 647 8,492
Exemption of withholding tax obligation in prior years (Note (v)) (7,647) —
Deferred tax
Origination and reversal of temporary difference (Note 25(b)) (9,873) (67,470)
(16,873) (58,978)
(b)
Reconciliation between tax expense and accounting loss at applicable tax rates:
2015 2014
USD’000 USD’000
Loss before income tax (204,586) (341,683)
Notional tax on loss before taxation (21,504) (62,580)
Tax effect of non-deductible items (Note (iii)) (5,880) 3,436
Tax effect of non-taxable items (Note (iv)) 15,819 (677)
Tax losses not recognised 2,339 843
Exemption of withholding tax obligation in prior years (Note (v)) (7,647) —
Actual tax expenses (16,873) (58,978)
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Annual Report 2015