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Axiata Group Berhad | Annual Report 2016
FINANCIAL STATEMENTS
168
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016
11. TAXATION AND ZAKAT (CONTINUED)
Numerical reconciliation between taxation and the product of accounting profit multiplied by the Malaysian tax rate:
Group
Company
2016
RM’000
2015
RM’000
2016
RM’000
2015
RM’000
Profit before taxation
1,139,580
3,331,142
1,222,428
3,071,424
Taxation calculated at the applicable Malaysian tax rate of 24%
(2015: 25%)
273,499
832,786
293,383
767,856
Tax effects of:
- income not subject to tax
(150,671)
(336,521)
(362,361)
(805,073)
- share of results of associates
(31,470)
(122,377)
-
-
- share of results of joint ventures
23,002
9,647
-
-
- different tax rates in other countries
(48,541)
83,803
-
-
- utilisation of previously unrecognised tax losses
(3,444)
(14)
(3,421)
-
- unrecognised tax losses
27,697
34,440
5,328
7,625
- expenses not deductible for tax purposes
410,354
139,679
54,489
15,095
- group relief
-
-
15,600
15,000
- prior year income tax
(19,814)
53,368
16,108
-
- zakat
1,810
263
-
-
Total taxation and zakat
482,422
695,074
19,126
503
Included in the taxation of the Group are tax savings amounting to RM20.4 million (2015:RM15.0 million) due to Group Relief which allows 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.
12. EARNINGS PER SHARE
(a) Basic earnings per share (“EPS”)
Basic EPS of the Group is calculated by dividing the profit attributable to owners of the Company by the weighted average number of ordinary
shares of the Company in issue during the financial year.
Group
2016
2015
Profit attributable to owners of the Company (RM’000)
504,254
2,554,220
Weighted average number of shares in issue ('000)
8,877,928
8,668,700
Basic EPS (sen)
5.7
29.5