/ . 8 0
E U R O S P O R T S G L O B A L L I M I T E D
Notes to
the F iNaNci al statemeNts
3 1 ma r ch 2 0 1 5
9.
i ncome Ta x
9a.
Components of income tax expense recognised in profit or loss include:
group
2015
$’000
2014
$’000
Current tax expense
–
–
Under adjustments to tax in respect of prior periods
68
198
Total
68
198
The income tax in profit or loss varied from the income tax amount determined by applying the Singapore income tax
rate of 17% (2014: 17%) to profit before income tax as a result of the following differences:
group
2015
$’000
2014
$’000
(Loss) Profit before tax
(4,841)
17,218
Income tax expense at the above rate
(823)
2,927
Income not subject to tax
(373)
(2,710)
Tax exemptions
–
(35)
Deferred tax not recognised (reversed)
1,249
(166)
Under adjustments to tax in respect of prior periods
68
198
Other items less than 3% each
(53)
(16)
Total income tax expense
68
198
There are no income tax consequences of dividends to owners of the Company.
The major (income) expense not subject to tax include the following:
group
2015
$’000
2014
$’000
Depreciation on non-qualifying property, plant and equipment
623
1,632
Gain on disposal of property, plant and equipment
(22)
(16,307)
Deferred income earned
(3,333)
(1,929)
