Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 120 23. Profit/(Loss) Before Tax (cont’d) Profit/(Loss) before tax is determined after charging/(crediting) amongst other, the following items: (cont’d) Group Company 2017 2016 2017 2016 RM RM RM RM Provision of minimum guaranteed sum - 1,822,500 - - Rental of premises 227,600 548,395 - - - Continuing 207,600 519,195 - - - Discontinuing 20,000 29,200 - - Revolving credit interest 52,303 57,318 - - Gain on disposal of property, plant and equipment - (1,000) - - Gain on disposal of subsidiary companies - (998) - - Interest income (159,460) (359,466) (188) (160) - Continuing (157,748) (352,939) - - - Discontinuing (1,712) (6,527) - - Reversal of impairment loss on amount due from subsidiary companies - - (3,167,783) - Reversal of provision for minimum guaranteed sum (1,822,500) - - - Unrealised gain on foreign currency exchange (3,761) - - - 24. Taxation Malaysian income tax is calculated at the statutory tax rate of 24% (2016: 24%) of the estimated assessable profits for the financial year. NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2017 (cont’d)