U N I T E D M A L AYA N L A N D B H D ( 4 1 3 1 - M )
113
Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2009
10.
TA X E X P E N S E ( C O N T ’ D . ) Group 2009 RM’000
Company 2008 RM’000
2009 RM’000
2008 RM’000
Deferred tax Origination and reversal of temporary differences Under/(over)accrual in prior financial years (net) Change in income tax rate
(1,537) 450 –
(3,426) (41) (194)
227 – –
14 (37) 15
(1,087)
(3,661)
227
(8)
5,449
1,843
13,590
4,280
The numerical reconciliation between the average effective tax rate of the Group and Company and the Malaysian tax rate is as follows: Group
Malaysian tax rate Tax effects of: – – – – – – – – – – – –
expenses not deductible for tax purposes income not subject to tax current year’s tax loss not recognised lower tax rate resulting from restatement of land costs for tax purposes utilisation of previously unrecognised tax losses utilisation of previously unrecognised timing differences share of results of jointly controlled entities group tax relief overaccrual of current tax in prior financial years under/(over)accrual of deferred tax in prior financial years change in income tax rate others
Average effective tax rate
Company
2009 %
2008 %
2009 %
2008 %
25
26
25
26
4 (15) 1
282 (7) 68
2 (3) –
8 (4) –
(5) (1) – – – (2) 1 – 1
(193) – 2 14 – (17) (7) (42) 194
– – – – (1) (1) – – –
– – – – (4) – – – –
9
320
22
26
Included in tax expense of the Group are tax savings from utilisation of current financial year’s tax losses of subsidiary companies amounting to RM1,133,000 (2008: RM733,000).