ANNUAL REPORT
2016
.79
NOTES TO THE
FINANCIAL STATEMENTS
10.
INCOME TAX
10A. Components of income tax recognised in profit or loss include:
GROUP
2016
$’000
2015
$’000
Under adjustments to tax in respect of prior periods
188
68
The income tax in profit or loss varied from the income tax amount determined by applying the Singapore income
tax rate of 17% (2015: 17%) to loss before income tax as a result of the following differences:
GROUP
2016
$’000
2015
$’000
Loss before tax
(4,414)
(4,841)
Income tax income at the above rate
(750)
(823)
Income not subject to tax
(355)
(373)
Deferred tax not recognised (reversed)
1,105
1,190
Under adjustments to tax in respect of prior periods
188
68
Other items less than 3% each
−
6
Total income tax expense
188
68
There are no income tax consequences of dividends to owners of the company.
The major (income) expense items not subject to tax include the following:
GROUP
2016
$’000
2015
$’000
Depreciation on non-qualifying property, plant and equipment
1,242
623
Gain on disposal of property, plant and equipment
(9)
(22)
Deferred income earned
(3,333)
(3,333)
