NOTES TO FINANCIAL STATEMENTS
30 June 2015
Karin Technology Holdings Limited
Annual Report 2015
82
8.
INCOME TAX EXPENSE
)POH ,POH QSPGJUT UBY IBT CFFO QSPWJEFE BU UIF SBUF PG
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arising in Hong Kong during the year. Taxes on profits assessable elsewhere have been calculated at the rates
of tax prevailing in the jurisdictions in which the Group operates.
Group
2015
HK$’000
HK$’000
Current
Charge for the year
19,560
Overprovision in prior years
(74)
(351)
_______
_______
19,486
9,127
Deferred
(note 25)
(836)
_______
_______
Total tax expense for the year
18,650
_______
_______
New Spirit Electronic Technology Development (Shenzhen) Company Limited, a wholly-owned subsidiary of
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FOUFSQSJTF GPS UIF ZFBST FOEFE +VOF
BOE
A reconciliation of the tax expense applicable to profit before tax at the statutory rate of Hong Kong to the tax
expense at the effective tax rate is as follows:
Group
2015
HK$’000
HK$’000
Profit before tax
98,812
_______
_______
5BY BU UIF TUBUVUPSZ SBUF PG )POH ,POH PG
16,304
Different tax rate of Mainland China
455
265
Different tax rate of Singapore
(22)
(2)
Adjustments in respect of current tax of previous periods
(74)
(351)
Income not subject to tax
(346)
(397)
Expenses not deductible for tax
324
127
Tax losses utilised from previous periods
(1,400)
(153)
Tax losses not recognised
3,846
3,206
Others
(437)
_______
_______
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18,650
_______
_______
