18. INCOME TAX
The Company$s corporate income taxes for the years ended December 31, 2011 and 2010 are calculated from the accounting profits and adjusted with other revenues and some expenses which are exempted from income tax or being disallowable expenses in income tax computation. The Company income taxes are calculated at the rates of 30 per cent in 2011 and the rate of 25 per cent in 2010. The reconciliation between the amount of income tax expenses and the calculation of accounting profit and tax rates applied for 2011 and 2010 can be summarized as follows : PARTICULARS
The accounting profit before income tax expenses The accounting effect on revenues and expenses which are not considered to be taxable revenues and expenses - Provision for long-term employee benefits-net - Doubtful debts - Dividend income - Other reconciliation Taxable profit Income tax expenses for the years
AMOUNT IN BAHT 2011 234,801,173
2010 257,294,974
4,622,841 1,480,840 (90,898) (446,636) 240,367,320
(4,058,244) (138,816) (1,701,306) 251,396,608
72,110,196
62,849,152
19. FINANCIAL INFORMATION BY SEGMENT
The Company is engaged in the business of medical treatment in one geographical area, Thailand. Therefore, the financial information by segment is not shown in these financial statements.
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