NOTES TO
FINANCIAL STATEMENTS
81
GDS Global Limited Annual Report 2015
As at 30 September 2015
20 OTHER GAINS AND LOSSES
Group
2015
2014
$
$
Gain on disposal of property, plant and equipment
37,646
15
Net foreign exchange gains
316,427
41,025
354,073
41,040
21 FINANCE COSTS
Group
2015
2014
$
$
Interest on obligations under finance leases
609
3,649
Interest on bank bills payable
–
1,234
Interest on bank loans
–
257
609
5,140
22 INCOME TAX EXPENSE
Group
2015
2014
$
$
Income tax expense comprises:
Current tax expense
227,000
524,560
Deferred tax expense (Note 15)
88,000
54,680
Adjustments recognised in the current year in relation to current tax
of prior years
3,076
29,000
Total income tax expense
318,076
608,240
Domestic income tax is calculated at 17% (2014: 17%) of the estimated assessable profit for the
year. Taxation for other jurisdictions is calculated at the rates prevailing in the relevant jurisdictions.
