Page 101 - SFG_ANNUALREPORT_12OCT_SINGLEPAGE
P. 101

Note 6. Income tax (benefit)/expense

                                                                                      Consolidated

                                                                                      2015            2014
                                                                                      $’000          $’000

Income tax (benefit)/expense                                                                         6,689
                                                                                                    (1,908)
Current tax                                                                           1,407
                                                                                                      (939)
Deferred tax - origination and reversal of temporary differences                      (1,410)        3,842

Prior year over provision                                                             (50)          (1,908)

Aggregate income tax (benefit)/expense                                                (53)          16,317
                                                                                                     4,895
Deferred tax included in income tax (benefit)/expense comprises:
                                                                                                    (1,444)
Decrease/(increase) in deferred tax assets (note 15)                                  1,410             (59)
                                                                                                         23
Numerical reconciliation of income tax expense and tax at the statutory rate
                                                                                                     1,115
(Loss)/profit before income tax (benefit)/expense                                     (4,515)           284

Tax at the statutory tax rate of 30%                                                  (1,355)        4,814
                                                                                                      (939)
Tax effect amounts which are not deductible/(taxable) in calculating taxable income:
                                                                                                         (3)
Discount on acquisition                                                               -                 (30)

Share-based payments                                                                  -                     -
                                                                                                     3,842
Non-deductible entertainment                                                          24

Non-deductible expenses                                                               -

Sundry items                                                                          179

                                                                                      (1,152)

Prior year over provision                                                               (50)
Difference in overseas tax rates                                                           2
Foreign currency differences
Tax losses not recognised                                                                 (1)
Income tax (benefit)/expense                                                          1,148

                                                                                        (53)

                                                                                      Consolidated  2014
                                                                                                    $’000
                                                                                       2015
                                                                                      $’000

Amounts charged/(credited) directly to equity                                         3,204         (2,540)
Deferred tax assets (note 15)

                                                                                                    100
   96   97   98   99   100   101   102   103   104   105   106