Ni Hsin Berhad Annual Report 2017

18. Tax expense (continued) Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Reconciliation of effective tax expense Income tax calculated using Malaysian tax rate of 24% (2016: 24%) 622 (1,095) 397 (944) Non-deductible expenses 254 1,635 191 1,542 Tax exempt income (437) - (557) (504) Tax incentives (60) (81) - - 379 459 31 94 Current year losses for which no deferred tax asset was recognised 4 25 - - Under/(Over) provision in prior years 143 (25) (3) (1) Tax expense 526 459 28 93 The corporate tax rate is 24% for year of assessment 2017. Consequently, deferred tax assets and liabilities are measured using these tax rates. 19. Profit/(Loss) for the year Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Profit/(Loss) for the year is arrived at after charging: Auditors’ remuneration - Audit fees KPMG 148 155 30 30 - Non-audit fees KPMG 68 62 26 30 Depreciation of property, plant and equipment 2,528 2,774 38 37 Depreciation of investment property 27 27 27 27 Net loss on foreign exchange - unrealised 44 - - - Property, plant and equipment written off 61 29 - - Personnel expenses (including key management personnel) - Contributions to state plans 732 575 - - - Share-based payments - 5,034 - 5,034 - Wages, salaries and others 10,594 9,242 215 372 Rental expense 159 158 - - Profit/(Loss) for the year is arrived at after crediting: Gain on disposal of property, plant and equipment 8 - - - Gain on disposal of other investments 263 - 263 - Gain on disposal of available-for-sale financial assets 86 - - - Net gain in fair value of other investments measured at fair value 1,560 - 1,560 - Dividend income from subsidiaries - - 500 2,100 Net gain on foreign exchange - unrealised - 68 - - Net gain on foreign exchange - realised 391 612 - - Rental income from land and buildings 312 162 - - Notes to the financial statements (continued) Annual Report 2017 76