axiata group berhad | annual report 2015
161
11. TAXATION AND ZAKAT (CONTINUED)
Numerical reconciliation between taxation and the product of accounting profit multiplied by the Malaysian tax rate:
Group
Company
2015
2014
2015
2014
RM’000
RM’000
RM’000
RM’000
Restated
Profit before taxation
3,331,142
3,146,600
3,071,424
3,469,212
Taxation calculated at the applicable Malaysian tax rate of 25% (2014:
25%)
832,786
786,650
767,856
867,303
Tax effects of:
- income not subject to tax
(336,521)
(126,386)
(805,073)
(916,720)
- share of results of associates
(122,377)
(101,803)
-
-
- share of results of joint ventures
9,647
6,248
-
-
- different tax rates in other countries
83,803
70,533
-
1,923
- change in statutory tax rate
-
(1,359)
-
-
- utilisation of previously unrecognised tax losses
(14)
(10,133)
-
-
- unrecognised tax losses
34,440
20,756
7,625
17,444
- expenses not deductible for tax purposes
139,679
124,358
15,095
25,811
- group relief
-
-
15,000
7,500
- prior year income tax
53,368
8,317
-
-
- zakat
263
898
-
-
Total taxation and zakat
695,074
778,079
503
3,261
Included in the taxation of the Group are tax savings amounting to RM15.0 million (2014:RM7.5 million) due to Group Relief which allow companies with
tax losses to surrender those losses to profit-making companies within the Group in the same year of assessment as provided under the taxation law
of Malaysia.
