Hock Lian Seng Holdings Limited - Annual Report 2015 - page 64

Notes to the Financial Statements
31 December 2015
7. 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:
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corporate tax rate for the years ended 31 December 2015 and 2014 are as follows:
Group
2015 2014
S$’000 S$’000
Consolidated income statement:
Current income tax:
- current income taxation 5,842 21,518
- over provision in respect of previous years (229) ȫ
Deferred income tax:
RULJLQDWLRQ DQG UHYHUVDO RI WHPSRUDU\ GL΍HUHQFHV 78 (6,676)
- overprovision in respect of prior years ȫ (23)
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Group
2015 2014
S$’000 S$’000
3URȴW EHIRUH WD[DWLRQ 42,391 87,439
Tax at Singapore statutory tax rate of 17% (2014: 17%) 7,207 14,865
Adjustments:
Non-deductible expenses 571 288
Income not subject to taxation (271) (104)
(΍HFW RI SDUWLDO WD[ H[HPSWLRQ (130) (113)
Over provision in respect of previous years (229) (23)
Share of results of a joint venture (1,362) ȫ
Corporate income tax rebates (95) (94)
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HOCK LIAN SENG HOLDINGS LIMITED 62