MITRA-AnnualReport2011 (1.2MB).pdf - Announcements - Bursa ...

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Notes to The Financial Statements (cont’d) 29. TAXATIoN (CoNT’D) Domestic income tax is calculated at the Malaysian statutory tax rate of 25% (2010: 25%) of the estimated taxable profit for the fiscal year. Taxation for other jurisdiction is calculated at the rates prevailing in the respective jurisdiction. A reconciliation of income tax expense applicable to profit before taxation at the statutory income tax rate to income tax expense at the effective income tax rate of the Group and the Company are as follows:- Group Company 2011 2010 2011 2010 RM RM RM RM Profit before taxation 56,751,985 76,711,264 29,752,187 9,648,011 Tax at applicable statutory tax rate of 25% (2010: 25%) 14,187,996 19,177,816 7,438,047 2,412,003 Tax effects arising from - effect of different tax rates in other country 71,700 76,466 - - - non-deductible expenses 1,568,722 2,670,333 156,430 39,311 - non-taxable income (1,284,783) - (7,500,000) (1,625,000) Deferred tax assets not recognised during the year 291,528 408,562 - - Utilisation of previous unrecognised tax losses and capital allowances (92,245) (1,484,204) - - Deferred tax relating to reversal of temporary differences (73,409) (719,888) - - Underaccrual in prior years 1,073,204 349,168 2,000 26,866 Tax expense for the year 15,742,713 20,478,253 96,477 853,180 30. EARNINGS pER SHARE (a) Basic Basic earnings per share are calculated by dividing the net profit for the financial year attributable to the owners of the parent by the weighted average number of ordinary shares in issue during the financial year, excluding treasury shares held by the Company. Comparative figures for the weighted average number of ordinary shares for the basic earnings per share had been restated to reflect the adjustment arising from the share split and bonus issue during the financial year. <strong>MITRA</strong>JAYA HOLDINGS BERHAD ANNUAL REPORT 2011 91
Notes to The Financial Statements (cont’d) 30. EARNINGS pER SHARE (CoNT’D) (a) Basic (cont’d) Group 2011 2010 RM RM (Restated) Profit for the year attributable to owners of the parent 40,796,560 49,877,573 Number of shares in issue as of 1st January 120,193,267 122,145,767 Effect of: Share buyback (46,456) (1,746,793) Exercise of Warrants 2001/2011 6,366,826 - Share split 129,501,588 120,398,974 Bonus issued 127,280,267 112,397,267 Share dividend 2,987,534 - Weighted average number of ordinary shares in issue 386,283,026 353,195,215 Basic earnings per share (sen) 10.56 14.12 (b) Diluted 31. DIvIDENDS No consideration is taken for the Warrants 2011/2016 for financial year 2011 as the effect is not dilutive. In addition, there are no diluted earnings per share arising from ESOS as there is no ESOS granted as at the end of the reporting period and the Company does not have any other potential ordinary shares outstanding at the end of the reporting period. Recognised during the financial year: Amount Net dividends per ordinary share 2011 2010 2011 2010 RM RM RM RM Dividend on ordinary shares: - First and final single tier dividend of 10% on 120,195,267 ordinary shares of RM1/- each paid for the year ended 31st December 2009 - 12,019,527 - 0.10 - First and final single tier dividend of 12% on 127,280,267 ordinary shares of RM1/- each paid for the year ended 31st December 2010 15,273,632 - 0.12 - - Share dividend on the basis of one treasury share for every twenty existing ordinary shares of RM1/- each held in the Company on 1st July 2011, which was credited on 15th July 2011 3,436,548 - 0.03 - At the forthcoming Annual General Meeting, a first and final single tier dividend of RM0.05 per share will be proposed for shareholders’ approval. The financial statements for the current financial year do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as an appropriation of retained profits in the financial year ending 31st December 2012. 92 <strong>MITRA</strong>JAYA HOLDINGS BERHAD ANNUAL REPORT 2011
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2011 Annual Report
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Corporate Information Board of dire
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Board of Directors from left to rig
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Directors’ Profile (cont’d) roL
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Chairman’s Statement on behalf of
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Operations Review For the financial
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Audit Committee Report The Audit Co
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Statement on Internal Control INTRo
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Corporate Governance Statement INTR
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Corporate Governance Statement (con
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Corporate Governance Statement (con
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Other Information SHARE BUy-BACk Du
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Financial Statements 25 31 32 33 36
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Directors’ Report (cont’d) BAD
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Directors’ Report (cont’d) EMpl
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Directors’ Report (cont’d) DIRE
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Statements of Comprehensive Income
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Statements of Changes in Equity (co
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Statements of Cash Flows For The Fi
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Notes to The Financial Statements 1
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MITRA-AnnualReport2011 (1.2MB).pdf - Announcements - Bursa ...

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