A B C D E F G H I
1
2
 THE GROUP THE BANK
3
 2019 2018 2017 2019 2018 2017
4
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
5
 Corporate tax liability: Provision for the year 170,618 84,815 124,328 170,618 79,318 121,282
6
 Overprovision in income tax in previous years - 442 454 - - -
7
 Tax paid under advance payment scheme (63,408) (93,800) (61,659) (59,312) (91,054) (57,465)
8
 107,210 (8,543) 63,123 111,306 (11,736) 63,817
9
 CSR liability 1,040 1,754 - 810 1,448 -
10
 Special levy - 41,569 66,339 - 41,569 66,339
11
 Current tax liabilities 108,250 34,780 129,462 112,116 31,281 130,156
12
13
 Analysed as follows:
14
 Current tax liabilities 112,116 34,780 130,156 112,116 31,281 130,156
15
 Current tax assets (included in other assets Note 22) (3,866) - (694) - - -
16
 108,250 34,780 129,462 112,116 31,281 130,156
17
18
 12(b) Statements of profit or loss and other comprehensive income
19
 The components of income tax expense for the years ended 30 June 2019, 2018 and 2017 are as follows:
20
THE GROUP
 THE BANK
21
 2019 2018 2017 2019 2018 2017
22
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
23
 Current income tax 170,618 84,815 124,328 170,618 79,318 121,282
24
 Overprovision in income tax in previous years (1,053) 225 (7,743) (311) (850) (7,860)
25
 Withholding tax 431 3,190 2,214 431 3,191 2,214
26
 CSR expense 7,199 12,316 7,885 6,469 11,582 7,317
27
 Special levy - 41,569 66,339 - 41,569 66,339
28
 Overprovision in deferred tax in previous years 34 (2,767) (30,364) 31 (2,570) (30,364)
29
 Deferred tax movement (Note 12(d)) 61,597 8,767 (56,248) 61,981 8,984 (56,252)
30
 Tax expense for the year 238,826 148,115 106,411 239,219 141,224 102,676
31
32
 12(c) Reconciliation of the total tax expense
33
 A reconciliation between the tax expense and the accounting profit multiplied by the tax rate for the years ended 30 June 2019, 2018 and 2017 is as follows:
34
THE GROUP
 THE BANK
35
 2019 2018 2017 2019 2018 2017
36
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
37
 Accounting profit before tax 1,866,798 910,977 910,520 1,824,002 907,678 919,674
38
 Taxed at 17% (2018: 17% and 2017: 17%) 317,356 154,866 154,788 310,080 154,305 156,345
39
 Deemed credit on Segment B profits (247,039) (142,555) (157,252) (247,039) (142,555) (157,252)
40
 Over provision of deferred tax asset in prior years 34 (2,767) (30,364) 31 (2,570) (30,364)
41
 Overprovision in income tax in previous years (1,052) 225 (7,743) (311) (850) (7,860)
42
 Non deductible expenses 57,752 10,252 19,627 63,658 1,667 12,916
43
 Bad debt written off subject to tax 31,368 163,147 384 31,368 164,499 384
44
 Non taxable income (9,875) (2,796) (1,737) (6,442) (1,015) -
45
 Withholding tax 431 3,190 2,214 431 3,190 2,214
46
 CSR adjustment (8,521) 5,080 (4,292) (9,333) 5,080 (4,361)
47
 Tax rate differential 98,372 (82,096) 64,447 96,776 (82,096) 64,315
48
 Special levy - 41,569 66,339 - 41,569 66,339
49
 Tax expense 238,826 148,115 106,411 239,219 141,224 102,676
A B C D E F G H I
1
2
 THE GROUP THE BANK
3
 2019 2018 2017 2019 2018 2017
4
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
5
 Corporate tax liability: Provision for the year 170,618 84,815 124,328 170,618 79,318 121,282
6
 Overprovision in income tax in previous years - 442 454 - - -
7
 Tax paid under advance payment scheme (63,408) (93,800) (61,659) (59,312) (91,054) (57,465)
8
 107,210 (8,543) 63,123 111,306 (11,736) 63,817
9
 CSR liability 1,040 1,754 - 810 1,448 -
10
 Special levy - 41,569 66,339 - 41,569 66,339
11
 Current tax liabilities 108,250 34,780 129,462 112,116 31,281 130,156
12
13
 Analysed as follows:
14
 Current tax liabilities 112,116 34,780 130,156 112,116 31,281 130,156
15
 Current tax assets (included in other assets Note 22) (3,866) - (694) - - -
16
 108,250 34,780 129,462 112,116 31,281 130,156
17
18
 12(b) Statements of profit or loss and other comprehensive income
19
 The components of income tax expense for the years ended 30 June 2019, 2018 and 2017 are as follows:
20
THE GROUP
 THE BANK
21
 2019 2018 2017 2019 2018 2017
22
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
23
 Current income tax 170,618 84,815 124,328 170,618 79,318 121,282
24
 Overprovision in income tax in previous years (1,053) 225 (7,743) (311) (850) (7,860)
25
 Withholding tax 431 3,190 2,214 431 3,191 2,214
26
 CSR expense 7,199 12,316 7,885 6,469 11,582 7,317
27
 Special levy - 41,569 66,339 - 41,569 66,339
28
 Overprovision in deferred tax in previous years 34 (2,767) (30,364) 31 (2,570) (30,364)
29
 Deferred tax movement (Note 12(d)) 61,597 8,767 (56,248) 61,981 8,984 (56,252)
30
 Tax expense for the year 238,826 148,115 106,411 239,219 141,224 102,676
31
32
 12(c) Reconciliation of the total tax expense
33
 A reconciliation between the tax expense and the accounting profit multiplied by the tax rate for the years ended 30 June 2019, 2018 and 2017 is as follows:
34
THE GROUP
 THE BANK
35
 2019 2018 2017 2019 2018 2017
36
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
37
 Accounting profit before tax 1,866,798 910,977 910,520 1,824,002 907,678 919,674
38
 Taxed at 17% (2018: 17% and 2017: 17%) 317,356 154,866 154,788 310,080 154,305 156,345
39
 Deemed credit on Segment B profits (247,039) (142,555) (157,252) (247,039) (142,555) (157,252)
40
 Over provision of deferred tax asset in prior years 34 (2,767) (30,364) 31 (2,570) (30,364)
41
 Overprovision in income tax in previous years (1,052) 225 (7,743) (311) (850) (7,860)
42
 Non deductible expenses 57,752 10,252 19,627 63,658 1,667 12,916
43
 Bad debt written off subject to tax 31,368 163,147 384 31,368 164,499 384
44
 Non taxable income (9,875) (2,796) (1,737) (6,442) (1,015) -
45
 Withholding tax 431 3,190 2,214 431 3,190 2,214
46
 CSR adjustment (8,521) 5,080 (4,292) (9,333) 5,080 (4,361)
47
 Tax rate differential 98,372 (82,096) 64,447 96,776 (82,096) 64,315
48
 Special levy - 41,569 66,339 - 41,569 66,339
49
 Tax expense 238,826 148,115 106,411 239,219 141,224 102,676
A B C D E F G H I
1
2
 THE GROUP THE BANK
3
 2019 2018 2017 2019 2018 2017
4
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
5
 Corporate tax liability: Provision for the year 170,618 84,815 124,328 170,618 79,318 121,282
6
 Overprovision in income tax in previous years - 442 454 - - -
7
 Tax paid under advance payment scheme (63,408) (93,800) (61,659) (59,312) (91,054) (57,465)
8
 107,210 (8,543) 63,123 111,306 (11,736) 63,817
9
 CSR liability 1,040 1,754 - 810 1,448 -
10
 Special levy - 41,569 66,339 - 41,569 66,339
11
 Current tax liabilities 108,250 34,780 129,462 112,116 31,281 130,156
12
13
 Analysed as follows:
14
 Current tax liabilities 112,116 34,780 130,156 112,116 31,281 130,156
15
 Current tax assets (included in other assets Note 22) (3,866) - (694) - - -
16
 108,250 34,780 129,462 112,116 31,281 130,156
17
18
 12(b) Statements of profit or loss and other comprehensive income
19
 The components of income tax expense for the years ended 30 June 2019, 2018 and 2017 are as follows:
20
THE GROUP
 THE BANK
21
 2019 2018 2017 2019 2018 2017
22
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
23
 Current income tax 170,618 84,815 124,328 170,618 79,318 121,282
24
 Overprovision in income tax in previous years (1,053) 225 (7,743) (311) (850) (7,860)
25
 Withholding tax 431 3,190 2,214 431 3,191 2,214
26
 CSR expense 7,199 12,316 7,885 6,469 11,582 7,317
27
 Special levy - 41,569 66,339 - 41,569 66,339
28
 Overprovision in deferred tax in previous years 34 (2,767) (30,364) 31 (2,570) (30,364)
29
 Deferred tax movement (Note 12(d)) 61,597 8,767 (56,248) 61,981 8,984 (56,252)
30
 Tax expense for the year 238,826 148,115 106,411 239,219 141,224 102,676
31
32
 12(c) Reconciliation of the total tax expense
33
 A reconciliation between the tax expense and the accounting profit multiplied by the tax rate for the years ended 30 June 2019, 2018 and 2017 is as follows:
34
THE GROUP
 THE BANK
35
 2019 2018 2017 2019 2018 2017
36
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
37
 Accounting profit before tax 1,866,798 910,977 910,520 1,824,002 907,678 919,674
38
 Taxed at 17% (2018: 17% and 2017: 17%) 317,356 154,866 154,788 310,080 154,305 156,345
39
 Deemed credit on Segment B profits (247,039) (142,555) (157,252) (247,039) (142,555) (157,252)
40
 Over provision of deferred tax asset in prior years 34 (2,767) (30,364) 31 (2,570) (30,364)
41
 Overprovision in income tax in previous years (1,052) 225 (7,743) (311) (850) (7,860)
42
 Non deductible expenses 57,752 10,252 19,627 63,658 1,667 12,916
43
 Bad debt written off subject to tax 31,368 163,147 384 31,368 164,499 384
44
 Non taxable income (9,875) (2,796) (1,737) (6,442) (1,015) -
45
 Withholding tax 431 3,190 2,214 431 3,190 2,214
46
 CSR adjustment (8,521) 5,080 (4,292) (9,333) 5,080 (4,361)
47
 Tax rate differential 98,372 (82,096) 64,447 96,776 (82,096) 64,315
48
 Special levy - 41,569 66,339 - 41,569 66,339
49
 Tax expense 238,826 148,115 106,411 239,219 141,224 102,676