98.
INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
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For the financial year ended 31 December 2015
11.
INCOME TAX EXPENSE (CONT’D)
Relationship between tax expense and accounting profit (cont’d)
For the years ended 31 December 2015 and 2014, the corporate tax rate for companies in Singapore and Indonesia was
17% and 25% respectively.
A subsidiary in Indonesia applies 20% (2014: 20%) tax rate instead of the normal tax rate of 25% (2014: 25%) in computing
its income tax expense for the reporting period due to its fulfilment to qualify for a reduced corporate income tax rate.
12.
EARNINGS PER SHARE
Basic earnings per share are calculated by dividing profit for the year attributable to owners of the Company by the
weighted average number of ordinary shares outstanding during the year.
Diluted earnings per share amounts are calculated by dividing profit for the year attributable to owners of the Company
by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of
ordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares.
The following table reflects the profit and share data used in the computation of basic and diluted earnings per share
for the years ended 31 December:
Group
2015
2014
Rp million
Rp million
Profit attributable to owners of the Company
57,878
758,713
No. of shares No. of shares
Weighted average number of ordinary shares for basic earnings per share
computation *
1,395,904,530 1,417,282,830
*
The weighted average number of shares takes into account the weighted average effect of changes in treasury shares transactions during
the year.
There were no dilutive potential ordinary shares as at 31 December 2015 and 2014.
