Serba Dinamik Annual Report 2018

250 ANNUAL REPORT 2018 SERBA DINAMIK HOLDINGS BERHAD N O T E S T O T H E F I N A N C I A L S TAT E M E N T 22. Tax expense (continued) Reconciliation of tax expense Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Profit after tax 392,842 304,792 111,238 69,689 Total tax expense 44,783 41,279 2,687 140 __________ __________ __________ __________ Profit excluding tax 437,625 346,071 113,925 69,829 ========= ========= ========= ========= Income tax calculated using Malaysian tax rate of 24% 105,030 83,057 27,342 16,759 Tax exempt income - - ( 25,728) ( 16,661) Effect of lower tax under Labuan Business Activity Tax * ( 82,663) ( 61,875) - - Effect of tax rate in foreign jurisdictions ( 180) 95 - - Non-deductible expenses 18,620 3,866 ( 846) 42 Profit of foreign source not subject to Malaysian tax ( 4,039) ( 8,236) - - __________ __________ __________ __________ 36,768 16,907 768 140 --------------- --------------- --------------- ---------------