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Group
Company
2017
RM’000
2016
RM’000
(Restated)
2017
RM’000
2016
RM’000
(Restated)
Tax effects of:
– expenses not deductible for tax purposes
274,065
216,510
69,991
216,481
– income not subject to tax
(224,776)
(509,271)
(224,776)
(574,770)
– associates’ results reported net of tax
(11,354)
(37,630)
–
–
– joint venture result reported net of tax
(4,782)
(5,828)
–
–
– change in statutory tax rate
–
(70,537)
–
(70,537)
– different tax rates in other countries
(416)
–
–
–
– overprovision of income tax in respect of previous years
3,354 (15,587)
3,354
(15,587)
– deferred tax assets not recognised on deductible temporary
differences and tax losses
16,179
21,370
–
–
– underprovision of deferred tax in respect of previous years
69,129
15,478
69,129
15,478
– deferred tax asset (recognised)/derecognised on investment
tax allowance
(106,054)
62,502
(106,054)
62,502
Taxation
516,414
86,133
279,182
85,135
10. Earnings per share
Basic earnings per share is calculated by dividing the net profit for the financial year attributable to owners of the Company by the
weighted average number of ordinary shares in issue (excluding weighted average number of treasury shares held by the Company)
during the financial year.
Group
2017
2016
Net profit for the financial year attributable to owners of the Company (RM’000)
1,628,774
1,621,659
Weighted average number of ordinary shares in issue (‘000)
3,303,586
2,782,874
Basic and diluted earnings per share (sen)
49.3
58.3
The Group does not have in issue any financial instruments on other contracts that may entitle its holder to ordinary shares and
therefore, dilutive to its basic earnings per share.
9. Taxation (cont’d.)
The explanation of the relationship between taxation and profit before taxation is as follows: (cont’d.)
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277
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS