84
TEHO INTERNATIONAL INC LTD.
Annual Report 2016
NOTES
TO THE FINANCIAL STATEMENTS
Year ended 30 June 2016
22 LOSS FORTHEYEAR (CONT’D)
Employee benefits expense
Group
2016
2015
$
$
Salaries, bonuses and other costs
10,795,024 8,574,669
Contributions to defined contribution plans
1,021,281
729,306
11,816,305 9,303,975
23 TAX EXPENSE
Group
2016
2015
Tax recognised in profit or loss
$
$
Current tax expense
Current year
949,307
369,740
Adjustment for prior periods
(11,785)
34,854
937,522 404,594
Deferred tax credit
Origination and reversal of temporary differences
(675,637)
(184,741)
Adjustment for prior periods
(93,800)
12,293
(769,437)
(172,448)
Total tax expense
168,085
232,146
23 TAX EXPENSE (CONT’D)
Deferred tax expense recognised in other comprehensive income:
Group
2016
2015
$
$
Gains on property revaluation
– 505,106
Deferred tax income credited directly to equity:
Group
2016
2015
$
$
Deferred tax income related to transfer of revaluation
reserve to retained earnings
(2,088,383)
(113,464)
Reconciliation of effective tax rate
Group
2016
2015
$
$
Loss before tax
(23,661,572) (7,456,501)
Share of loss from associates
–
51,212
(23,661,572) (7,405,289)
