82 / 102
81
AEMULUS HOLDINGS BERHAD
TA R G E T I N G T H E B U L L’ S E Y E
21. TAXATION (Cont’d)
The reconciliation of tax expense of the Group and of the Company is as follows:
GROUP
COMPANY
1.10.15
to 30.9.16
17.10.14
to 30.9.15
1.10.15
to 30.9.16
17.10.14
to 30.9.15
RM
RM
RM
RM
(Loss)/Profit before taxation
(2,654,260)
9,101,751
109,055
(1,194,105)
Income tax at Malaysian statutory
tax rate of
24%
(2015: 25%)
637,023
(2,275,438)
(26,173)
298,526
Effects of :-
Expenses not deductible for tax purposes
(609,432)
(437,223)
(134,917)
(305,701)
Income not subject to tax
115,885
278,004
86,486
–
Pioneer income not subject to tax
–
2,365,778
–
–
Different of tax rate of other jurisdiction*
4,188
–
–
–
Net deferred tax movement
not recognised
(260,880)
30,865
–
–
(113,216)
(38,014)
(74,604)
(7,175)
Over provision in prior year
32,457
3,296
7,175
–
(80,759)
(34,718)
(67,429)
(7,175)
* The subsidiary’s Taiwan branch is subject to corporate tax rate of 17%.
The deferred tax movement not recognised is in respect of temporary difference arising from the following:
GROUP
30.9.2016
30.9.2015
RM
RM
Property, plant and equipment
1,315,000
1,139,000
Provisions
320,000
(171,000)
Unabsorbed capital allowance
(906,000)
–
Unabsorbed tax loss
(848,000)
–
(119,000)
968,000
The subsidiary of the Group had obtained the Multimedia Super Corridor status with pioneer status tax incentive. Under
this tax incentive, 100% of the statutory income derived from the design and assembly of automated test equipment
and test and measurement instruments and the provision of related design consultancy services, will be exempted from
income tax up to 7 September 2018.
NOTES TO THE FINANCIAL STATEMENTS
(Cont’d)
– 30 SEPTEMBER 2016