Annual Report 2016
155
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
33. FINANCE COSTS
THE GROUP
2016
2015
HK$’000
HK$’000
Interest on:
Bank borrowings and trust receipt loans
– wholly repayable within five years
20,879
16,937
34. INCOME TAX EXPENSE
THE GROUP
2016
2015
HK$’000
HK$’000
The income tax charge comprises:
Current tax:
Hong Kong
10,401
9,532
PRC Enterprise Income Tax
756
803
Other jurisdictions
278
697
Taiwan withholding tax on dividends
distributed by subsidiaries
650
2,692
12,085
13,724
Under (over)provision in prior year:
Hong Kong
(142)
(138)
PRC Enterprise Income Tax
282
289
Other jurisdictions
13
48
153
199
Deferred tax:
Current year (Note 26)
(145)
(1,786)
12,093
12,137
Hong Kong Profits Tax is calculated at 16.5% of the estimated assessable profit for both years.
Under the Law of the People’s Republic of China on Enterprise Income Tax (the “EIT Law”) and
Implementation Regulation of the EIT Law, the tax rate of the PRC subsidiaries is 25% for both
years. The tax rate of the Taiwan subsidiary is 17%.
