NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
(cont’d)
E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 4
89
26. TAX EXPENSE (cont’d)
The numerical reconciliations between tax expense and the product of accounting profit multiplied by the
applicable tax rates of the Group and of the Company are as follows:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Profit before tax
10,325,410
9,289,328
9,813,302
9,410,765
Taxation at statutory tax rate of 25%
(2013: 25%)
2,581,353
2,322,332
2,453,326
2,352,691
Tax effects in respect of:
Non-allowable expenses
192,185
125,567
92,775
98,658
Non-taxable income
(595,060)
(242,959)
(567,808)
(202,930)
Tax exempt income under pioneer
status
(195,469)
(94,886)
-
-
Real property gains tax
100,000
-
100,000
-
Reversal of temporary differences on
disposal of long term leasehold land
and building
(470,689)
-
(470,689)
-
Deferred tax assets not recognised
39,679
138,365
-
-
1,651,999
2,248,419
1,607,604
2,248,419
(Over)/Under-provision of income
tax in prior year
(69,910)
84,407
(69,910)
84,407
Over-provision of deferred tax in
prior year
(100,691)
-
(104,430)
-
1,481,398
2,332,826
1,433,264
2,332,826
27. EARNINGS PER ORDINARY SHARE
(a)
Basic earnings per ordinary share
Basic earnings per ordinary share for the financial year is calculated by dividing the profit for the
financial year attributable to equity holders of the parent by the weighted average number of
ordinary shares outstanding during the financial year.
Group
2014
2013
Profit attributable to equity holders of the parent (RM)
8,628,159
7,000,678
Weighted average number of ordinary shares in issue
206,768,100 206,768,100
Basic earnings per share (sen)
4.17
3.39
