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158
Gamuda Berhad (29579-T) • Annual Report 2012
8.
Finance costs
Group
Company
2012
2011
2012
2011
RM’000
RM’000
RM’000
RM’000
Interest expense on:
Murabahah medium term notes
40,542
50,880
40,542
40,542
Revolving credits
15,897
4,980
11,478
4,980
Term loan
52,326
17,630
-
-
others
4,326
5,634
-
1,496
113,091
79,124
52,020
47,018
Less: Amount capitalised in qualifying assets:
Property development costs (Note 13)
(47,503)
(18,829)
-
-
Costs of construction contracts (Note 25)
(3,198)
(1,516)
-
-
62,390
58,779
52,020
47,018
9.
Taxation
Group
Company
2012
2011
2012
2011
RM’000
RM’000
RM’000
RM’000
Income tax:
Malaysian income tax
143,109
85,723
68,161
55,440
Foreign income tax
16,878
16,475
-
-
Under provision in prior years
7,957
6,103
7,335
6,496
167,944
108,301
75,496
61,936
Deferred tax (Note 33):
Relating to origination and reversal of
temporary differences
(5,631)
3,242
(27)
(266)
(over)/under provision in prior years
(94)
36
(281)
(245)
(5,725)
3,278
(308)
(511)
162,219
111,579
75,188
61,425
Domestic current income tax is calculated at the Malaysian statutory tax rate of 25% (2011: 25%) of the estimated
assessable profit for the year.
NoTES To ThE FINANCIAL STATEMENTS
31 July 2012