FGV Annual Report 2015

239 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING Notes to the Financial Statements For The Financial Year Ended 31 December 2015 ADDRESSING OUR RISKS & OPPORTUNITIES Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 13 ZAKAT Group 2015 2014 RM’000 RM’000 Movement of zakat liability: At beginning of financial year - - Current financial year’s zakat expense 23,900 13,184 Zakat paid (23,900) (13,184) At end of financial year - - 14 TAXATION Group Company 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Malaysian income tax: - In respect of current financial year 181,115 268,879 - - - In respect of prior financial year (13,075) 9,151 1,499 7 Foreign income tax: - In respect of current financial year 7,949 (941) - - Deferred tax (Note 49) (47,556) 367 - (3,616) Tax expense/(income) 128,433 277,456 1,499 (3,609) A reconciliation of income tax expense applicable to profit 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 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Profit before taxation after zakat 355,067 957,640 284,503 446,891 Malaysian corporate tax rate of 25% (2014: 25%) 88,767 239,410 71,126 111,723 Tax effect of: - different tax rates in other countries 3,196 4,933 - - - expenses not deductible for tax purposes 107,363 91,281 64,464 51,949 - changes in tax rate 3,219 1,371 - - - income not subject to tax (49,408) (57,785) (139,572) (173,007) - (over)/under provision of income tax in prior year (13,075) 9,151 1,499 7 - tax incentive (7,327) - - - - others (4,302) (10,905) 3,982 5,719 Tax expense/(credit) 128,433 277,456 1,499 (3,609)

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