Content2011 - PETRONAS Gas Berhad

Notes to the Financial Statements
31 MarCh 2011
22. Key Management Personnel Compensation
171 annUaL report 2011
2011 2010
Group/Company RM’000 RM’000
Directors
Fees
Other short term employee benefi ts
550 653
(including estimated monetary value of benefi ts-in-kind) 23 44
573 697
The Company pays management fee to the holding company in relation to services of key management personnel of the Company as
disclosed in Note 29.
23. Financing Costs
2011 2010
Group/Company RM’000 RM’000
Interest expense on:
Term loan - unsecured 20,096 20,235
24. Tax Expenses
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Current tax expense
– current year 508,645 317,013 508,616 316,983
– (over)/under provision in prior year (22,439) 101 (22,439) 83
486,206 317,114 486,177 317,066
Deferred tax expense
– reversal of temporary differences (21,042) (8,369) (21,042) (8,369)
– over provision in prior year (3,958) (5,631) (3,958) (5,631)
(25,000) (14,000) (25,000) (14,000)
Tax expense 461,206 303,114 461,177 303,066
Tax expense 461,206 303,114 461,177 303,066
Tax expense on share of profi t of associate 16,717 17,353 – –
Tax expense on share of profi t of jointly controlled entity 406 532 – –
Total tax expense 478,329 320,999 461,177 303,066
Corporate tax rate for year of assessment 2011 is at 25% (2010 - 25%). Deferred tax assets and liabilities are measured using this tax rate.