FORGING AHEAD - Tradewinds Plantation Berhad

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190 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010 31. TAX EXPENSE (continued) Malaysian income tax is calculated at the statutory tax rate of 25% (2009: 25%) of the estimated taxable profits for the fiscal year. The subsidiary in Singapore is not liable to Singapore tax as the subsidiary is not a tax residence of Singapore. The numerical reconciliation between the tax expense and the product of accounting profit multiplied by the applicable tax rates of the Group and of the Company are as follows: TRADEWINDS PLANTATION BERHAD Annual Report 2010 Group Company 2010 2009 2010 2009 RM’000 RM’000 RM’000 RM’000 Tax at Malaysian statutory tax rate of 25% (2009: 25%) 70,602 19,587 9,195 10,156 Tax effect in respect of: Non-allowable expenses 4,657 4,134 1,616 768 Current year loss and capital allowances not eligible for carry forward 171 1,111 170 1,110 Deferred tax assets not recognised 3,612 3,408 - - Non-taxable income - (905) (6,797) (8,159) Lower tax rates (743) (610) - - Tax incentive (848) - - - Share of result of a jointly controlled entity (316) 1,470 - - 77,135 28,195 4,184 3,875 (Over)/Under-provision of tax expense in prior year (2,970) (3,772) 129 (21) (Over)/Under-provision of deferred tax in prior year (3,713) (470) 19 (2) Tax expense for the financial year 70,452 23,953 4,332 3,852 In the current and previous financial year, there are no tax savings for the Group and for the Company arising from the utilisation of current year tax losses and previously unrecognised unused tax losses.
32. EARNINGS PER ORDINARY SHARE ATTRIBUTABLE TO OWNERS OF THE PARENT Basic earnings per ordinary share Basic earnings per ordinary share of the Group is calculated by dividing the profit attributable to owners of the parent for the financial year by the weighted average number of ordinary shares in issue during the financial year and assuming the ICULS (as disclosed in Note 24 to the financial statements) have been converted into ordinary shares. Group 2010 2009 Profit attributable to owners of the parent (RM’000) 186,404 51,545 Weighted average number of ordinary shares in issue (’000) 529,153 529,153 Adjustments assuming the conversion of ICULS (’000) 100,000 100,000 629,153 629,153 Basic earnings per ordinary share (sen) 29.63 8.19 Diluted earnings per ordinary share FINANCIAL STATEMENTS Diluted earnings per ordinary share is not applicable and not presented because there are no dilutive potential ordinary shares to be issued as the ICULS have been included in basic earnings per ordinary share calculation. TRADEWINDS PLANTATION BERHAD Annual Report 2010 191
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Level 9, Menara HLA No. 3, Jalan Ki
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CORPORATE GOVERNANCE 56 Statement o
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4 STATUTORY REPORTING NOTICE OF ANN
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NOTICE OF ANNUAL GENERAL MEETING AN
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8 STATUTORY REPORTING STATEMENT ACC
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GROUP FINANCIAL HIGHLIGHTS 2010 200
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STRATEGIC INVESTMENTS We will remai
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16 CORPORATE INFORMATION FINANCIAL
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18 CORPORATE INFORMATION CORPORATE
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20 CORPORATE INFORMATION BOARD OF D
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26 CORPORATE INFORMATION TRADEWINDS
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28 CORPORATE INFORMATION MANAGEMENT
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30 CORPORATE INFORMATION GROUP CORP
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STRATEGIC DIVERSIFICATIONS Through
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36 PERFORMANCE REVIEW CHAIRMAN’S
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44 PERFORMANCE REVIEW BuSINESS REvI
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BuSINESS REvIEW By CHIEF EXECuTIvE
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STRATEGIC EXPERTISE As our sights a
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56 CORPORATE GOVERNANCE STATEMENT O
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DIRECTORS’ REMUNERATION The remun
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68 CORPORATE GOVERNANCE AUDIT COMMI
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AUTHORITY The Audit Committee shall
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72 CORPORATE GOVERNANCE ADDITIONAL
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74 CORPORATE GOVERNANCE ADDITIONAL
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STRATEGIC INNOVATIONS We are commit
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80 CORPORATE SOCIAL RESPONSIBILITY
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STRATEGIC REACH We are increasing t
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DIRECTORS’ REPORT The Directors h
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DIRECTORS’ BENEFITS Since the end
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SIGNIFICANT EVENTS DURING THE FINAN
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STATEMENT BY DIRECTORS In the opini
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REPORT ON OTHER LEGAL AND REGULATOR
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LIABILITIES Non-current liabilities
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Group Company 2010 2009 2010 2009 (
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Equity Share Share component Retain
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CASH FLOWS FROM INVESTING ACTIVITIE
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NOTES TO THE FINANCIAL STATEMENTS 3
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4. SIGNIFICANT ACCOUNTING POLICIES
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5. ADOPTION OF NEW FRSs AND AMENDME
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Page 171 and 172: 15. TRADE AND OTHER RECEIVABLES FIN
Page 173 and 174: 15. TRADE AND OTHER RECEIVABLES (co
Page 175 and 176: 17. NON-CURRENT ASSETS HELD FOR SAL
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Page 179 and 180: 21. BORROWINGS Current liabilities
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Page 185 and 186: 26. DEFERRED TAX (continued) Recogn
Page 187 and 188: 27. TRADE AND OTHER PAYABLES Trade
Page 189 and 190: 28. REVENUE Group Company 2010 2009
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Page 195 and 196: 34. ACQUISITION OF SUBSIDIARIES 201
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Page 203 and 204: 36. FINANCIAL INSTRUMENTS (continue
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Page 217 and 218: 42. SIGNIFICANT EVENTS SUBSEQUENT T
Page 219 and 220: 44. OPENING STATEMENT OF FINANCIAL
Page 221 and 222: PLANTATION REvIEW OIL PALM 2010 200
Page 223 and 224: mATERIAL PROPERTIES Of TRADEWINDS P
Page 225 and 226: Company/ Location/Address HS(D) 389
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Page 229 and 230: Company/ Location/Address Lot No. 0
Page 231 and 232: ANALySIS Of SHAREHOLDINgS AS AT 25
Page 233 and 234: LIST OF THIRTY (30) LARGEST SHAREHO
Page 235 and 236: ANALySIS Of IRREDEEmABLE cONvERTIBL
Page 237 and 238: SUBSTANTIAL ICULS HOLDER Name Direc
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Proxy Form I / We _________________
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FORGING AHEAD - Tradewinds Plantation Berhad

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