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5A

5A. Income tax expense

Consol

Consol

2020

2019

$'000

$'000

Restated

The major components of income tax expense/(benefit) are:

Current income tax:

Current income tax charge

960

5,892

Deferred income tax:

Relating to origination and reversal of temporary differences

806

513

Adjustments in respect of income tax of previous years

(70)

4

Value of deferred tax assets not recognised/derecognised

(295)

-

Recognition of prior year temporary differences not previously recognised

-

268

Income tax expense reported in Statement of Comprehensive Income

1,401

6,677

Numerical reconciliation between aggregate tax expenses recognised in the Statement of Comprehensive Income and tax as calculated per the statutory income tax rate (PPPL, Voyages and Yamanah only):

Total accounting profit subject to income tax

7,623

21,063

Income tax on profit at statutory rate (30%)

2,287

6,319

Entertainment

6

6

Intangibles

1

12

Property, plant and equipment

1

68

Adjustments in respect of income tax of previous years

(70)

4

Value of deferred tax assets not recognised/derecognised

(824)

-

Recognition of prior year temporary differences not previously recognised

-

268

Aggregate income tax expense

1,401

6,677