FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
76
NOTES TO FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONT’D)
10 INCOME TAX EXPENSE (CONT’D)
The income tax expense on profit before income tax differs from the amount that would arise using the Singapore
standard rate of income tax due to the following:
The Group
2015
$’000
2014
$’000
Profit before income tax
14,725
15,796
Tax calculated at Singapore income tax rate of 17% (2014 : 17%)
(2,503)
(2,685)
Effects of:
- Different income tax rates in other countries
(1,980)
(1,959)
- Expenses not deductible for tax purposes
(1,497)
(959)
- Income not subject to taxation
1,469
1,523
- Utilisation of previously unrecognised other temporary differences
1,034
546
- Deferred tax assets not recognised
(1,855)
(1,087)
- Tax incentives in other countries
205
9
- Withholding tax
(246)
(719)
- Others
(1)
-
- Utilisation of previously unrecognised tax losses
96
612
(Under) Over recognition in respect of previous financial years:
- Current income tax
81
(37)
- Deferred income tax
75
41
(5,122)
(4,715)
11 EARNINGS PER SHARE
(a) Basic earnings per share
Basic earnings per share is calculated by dividing the profit attributable to equity holders of the Company by the
weighted average number of ordinary shares outstanding during the financial year.
The Group
2015
$’000
2014
$’000
Profit attributable to equity holders of the Company
9,221
11,358
Number of
shares
Number of
shares
Weighted average number of ordinary shares outstanding for
basic earnings per share
404,622,738 402,576,319
Cents
Cents
Basic earnings per share
2.28
2.82
