82
GDS Global Limited Annual Report 2015
NOTES TO
FINANCIAL STATEMENTS
As at 30 September 2015
22 INCOME TAX EXPENSE (cont’d)
Group
2015
2014
$
$
Numerical reconciliation of income tax expense
Profit before tax
3,663,083
5,014,131
Income tax expense calculated at 17% (2014: 17%)
622,724
852,402
Effect of different tax rates of subsidiaries operating in other
jurisdictions
29,139
39,337
Effect of income that is exempt from taxation
(194,048)
(140,665)
Effect of expenses that are not deductible in determining taxable profit
111,880
99,416
Effect of tax concessions
(250,879)
(270,610)
Adjustments recognised in the current year in relation to current tax of
prior years
3,076
29,000
Others
(3,816)
(640)
Income tax expense
318,076
608,240
23 PROFIT FOR THE YEAR
Profit for the year has been arrived at after charging (crediting):
Group
2015
2014
$
$
Cost of inventories recognised as expenses
8,186,713
7,887,796
Impairment loss (reversed) recognised on trade receivables
(5,776)
160,634
Depreciation of property, plant and equipment
338,430
299,945
Amortisation of intangible asset
94,335
94,336
Net foreign exchange gains
(316,427)
(41,025)
Audit fees:
- paid to auditors of the Company
95,000
107,200
- paid to other auditors
1,503
1,404
Total audit fees
96,503
108,604
Non-audit fees:
- paid to auditors of the Company
10,000
10,000
Aggregate amount of fees paid to auditors
106,503
118,604
