INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
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For the financial year ended 31 December 2015
11.
INCOME TAX EXPENSE
Major components of income tax expense
The major components of income tax expense for the years ended 31 December 2015 and 2014 are:
Group
2015
2014
(Restated)
Rp million
Rp million
Consolidated statement of comprehensive income:
Current income tax
- Current year income tax
528,362
814,233
- Under provision in respect of previous years
16,133
2,407
544,495
816,640
Deferred income tax (Note 17)
- Current year deferred income tax
(247,316)
(261,821)
- Under provision in respect of previous years
101,798
149,512
(145,518)
(112,309)
Total
398,977
704,331
Charged to other comprehensive income
Deferred tax related to items recognised in other comprehensive income:
Re-measurement gain/(loss) of employee benefits liability
(50,004)
4,639
Relationship between tax expense and accounting profit
A reconciliation between tax expense and the product of accounting profit multiplied by the applicable corporate tax
rate for the years ended 31 December 2015 and 2014 is as follows:
Group
2015
2014
(Restated)
Rp million
Rp million
Profit before tax as per consolidated statement of comprehensive
income
697,751
2,032,490
Tax at the domestic rates applicable to profits in the countries where
the Group operates
251,372
523,133
Income not subject to taxation
(7,067)
(19,913)
Non-deductible expenses
82,047
116,007
Under provision in respect of corporate income tax of previous years
16,133
2,407
Under provision in respect of deferred income tax of previous years
101,798
149,512
Effect of lower tax rate
(45,306)
(66,815)
Income tax expense recognised in the consolidated statement of
comprehensive income
398,977
704,331
