24.
TAXATION (CONT'D)
(ii) The corporate tax rate will be reduced to 24% from the year of assessment 2016 as announced in the
Malaysian Budget 2014. Consequently, deferred tax assets and liabilities are measured using this tax
rate.
(iii) Certain subsidiaries of the Group have been granted pioneer status under the Promotion of Investments
Act, 1986 by the Malaysian Industrial Development Authority which exempts 100% of statutory income
in relation to production of certain products.
(iv) The deferred tax (assets)/liabilities not recognised as at the end of the reporting period prior to set-off
are as follows:
GROUP
COMPANY
2014
2013
2014
2013
RM
RM
RM
RM
Property, plant and equipment
190,869
77,806
540
698
Unabsorbed capital allowances
(401,084)
(751,656)
(20,429)
(20,429)
Unabsorbed tax losses
(13,943,610)
(13,267,459)
(892,410)
(651,208)
Others
(410,013)
(135,847)
(3,759)
(5,584)
(14,563,838)
(14,077,156)
(916,058)
(676,523)
(v) The unabsorbed tax losses, capital allowances and reinvestment allowance available to be carried
forward for set-off against future assessable income of a nature and amount for the tax credits to be
utilised are as follows:
GROUP
COMPANY
2014
2013
2014
2013
RM
RM
RM
RM
Unabsorbed tax losses
58,425,158
53,069,836
3,569,642
2,604,833
Unabsorbed capital allowances
1,604,335
3,006,624
81,717
81,717
Unabsorbed reinvestment
allowance
892,337
6,820,372
-
-
60,921,830
62,896,832
3,651,359
2,686,550
25.
EARNINGS PER SHARE
GROUP
(a)
Basic earnings per share
Basic earnings per share is calculated by dividing the profit attributable to owners of the Company by
the weighted average number of ordinary shares in issue during the financial year as follows:
2014
2013
Profit attributable to owners of the Company (RM)
4,531,342
2,384,520
Weighted average number of ordinary shares of RM0.50 each
133,243,050
133,243,050
Basic earnings per share (sen)
3.40
1.79
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2014 (CONT’D)
•
Pentamaster Corporation Berhad
(572307-U)
Annual Report 2014
75
