FGV Annual Report 2012

51 F i n a n c i a l S t a t e m e n t s 2 0 1 2 P e n y a t a K e w a n g a n 14 TAXATION Group Company 2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000 Malaysian income tax: – In respect of current financial year 221,352 518,604 2,639 55,065 – In respect of prior financial year 3,665 3,455 – 1,917 Foreign income tax: – In respect of current financial year 20,427 (6,325) – – Deferred tax (Note 45) (40,862) (11,194) 1,498 (6,348) Tax expense 204,582 504,540 4,137 50,634 A reconciliation of income tax expense applicable to profit/(loss) before taxation after zakat at the Malaysian statutory income tax rate to income tax expense at the effective income tax rate of the Group and of the Company is as follows: Group Company 2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000 Profit/(loss) before taxation after zakat 1,109,640 1,904,787 440,118 (43,838) Malaysian corporate tax rate of 25% (2011: 25%) 277,410 476,197 110,030 (10,960) Tax effect of: – different tax rates in other countries (6,761) (21,089) – – – expenses not deductible for tax purposes 132,519 86,418 89,472 231,140 – income not subject to tax (106,132) (127,174) (195,949) (171,115) – deferred tax assets not recognised during the year 4,286 74,957 – – – under provision of income tax in prior year 3,665 3,455 – 1,917 – withholding tax on interest income from foreign subsidiaries 268 12,817 – – – recognition of previously unrecognised deferred tax assets (100,018) – – – – others (655) (1,041) 584 (348) 204,582 504,540 4,137 50,634 15 DIVIDEND PER SHARE Dividends declared and paid are as follows: Group and Company 2012 2011 Gross Gross dividend Amount of dividend Amount of per share dividend per share dividend Sen RM’000 Sen RM’000 Interim single-tier dividend for the financial year ended 31 December 2012, paid on 22 October 2012 (2011: single-tier dividend for the financial year ended 31 December 2011, paid on 23 December 2011) 5.5 200,648 1.41 25,000