| |
| The charge for taxation is made up as follows: |
|
|
|
| |
|
 |
Group/Company |
|
|
|
|
| |
|
|
2002 |
|
2001 |
|
|
|
|
| |
|
|
|
|
|
| Current tax |
|
|
– |
|
– |
| Deferred tax charge
(Note 16) |
|
|
2,522 |
|
1,515 |
|
|
|
|
|
|
| |
|
|
2,522 |
|
1,515 |
|
|
|
|
|
|
| |
|
|
|
|
|
| No income
tax is payable for the year in view of tax losses available for carry
forward. At 31 December 2002, tax losses available for carry forward
amounted to approximately Rs. 8,000 million (2001 - Rs. 16,000 million). |
| |
|
|
|
|
|
| |
|
|
|
|
|
| The tax on the Company’s profit
before tax differs from the theoretical amount that would arise using
the basic tax rate of the Company as follows: |
| |
|
|
Company |
|
|
|
|
| |
|
|
2002 |
|
2001 |
|
|
|
|
| |
|
|
|
|
|
| Profit before tax |
|
|
5,203 |
|
3,620 |
|
|
|
|
|
|
| Tax calculated at a
tax rate of 35% (2001 - 35%) |
|
|
1,821 |
|
1,267 |
| Expenses not deductible |
|
|
263 |
|
273 |
| Income not subject
to tax |
|
|
(13) |
|
(25) |
| Effect of 5% tax credit |
|
|
451 |
|
– |
|
|
|
|
|
|
| Tax charge |
|
|
2,522 |
|
1,515 |
|
|
|
|
|
|
| |
|
|
|
|
|
|
