139
AirAsia X Berhad • Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2014
10 TAXATION
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Current taxation:
- Malaysian taxation
71
727
71
727
- Foreign taxation
174
270
-
-
245
997
71
727
Deferred taxation
(86,163)
(124,790)
(86,163)
(124,790)
Total tax credit
(85,918)
(123,793)
(86,092)
(124,063)
Current taxation:
- Current financial year
245
997
71
727
Deferred taxation: (Note 13)
- Origination and reversal of temporary differences
(86,163)
(124,790)
(86,163)
(124,790)
(85,918)
(123,793)
(86,092)
(124,063)
The explanation of the relationship between taxation and loss before taxation is as follows:
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Loss before taxation
(605,361)
(212,060)
(570,095)
(212,142)
Tax calculated at Malaysian tax rate of 25% (2013: 25%)
(151,340)
(53,015)
(142,524)
(53,035)
Tax effects of:
- clawback of tax incentives/ (tax incentives)
34,202
(111,744)
34,202
(111,744)
- expenses not deductible for tax purposes
51,681
30,176
51,651
30,052
- income not subject to tax
(34,217)
-
(34,217)
-
- changes in statutory tax rate
4,796
10,664
4,796
10,664
- share of results of an associate and a joint venture
8,960
126
-
-
Taxation
(85,918)
(123,793)
(86,092)
(124,063)
