Page 104 - ACCESS ANNUAL REPORT 2019

NOTES (continued)
S ar o significant acco nting po icies contin ed
nco e ta e pense
Income tax expense comprises current and de erred tax. Income tax expense is reco nised in profit or loss except to the extent that it relates to items reco nised directly in e uity, in which case it is reco nised in e uity.
Current income tax
Current tax is the expected tax paya le on taxa le income or the year, usin tax rates enacted or su stantively enacted at the reportin date, and any ad ustment to tax paya le in respect o previous years.
Deferred income tax
De erred tax is reco nised in respect o temporary differences etween the carryin amounts o assets and lia ilities or financial reportin purposes and the amounts used or taxation purposes. De erred tax is not reco nised or the ollowin temporary differences the initial reco nition o oodwill, the initial reco nition o assets or lia ilities in a transaction that is not a usiness com ination and that affects neither accountin nor taxa le profit, and differences relatin to investments in su sidiaries to the extent that they pro a ly will not reverse in the oreseea le uture.
De erred tax is measured at the tax rates that are expected to e applied to the temporary differences when they reverse, ased on laws that have een enacted or su stantively enacted y the reportin date. A de erred tax asset is reco nised only to the extent that it is pro a le that uture taxa le profits will e availa le a ainst which the asset can e utilised. De erred tax assets are reviewed at each reportin date and are reduced to the extent that it is no lon er pro a le that the related tax enefit will e realised.
Stated capita
Issued shares
he Group classifies issued share as e uity instruments in accordance with the contractual terms o the instrument. he stated capital is not redeema le y holders in the normal course o usiness and ears an entitlement to distri utions that is non cumulative and at the discretion o the Directors. Accordin ly, they are presented as a component o issued capital within e uity.
Dividend on ordinary shares
Dividends on ordinary shares are reco nised in the period in which they are approved y the shareholders. Dividend proposed which is yet to e approved y shareholders, is disclosed y way o notes.
Earnings per share
he Group presents asic earnin s per share EPS data or its ordinary shares. Basic EPS is calculated y dividin the profit or loss attri uta le to ordinary shareholders o the Group y the wei hted avera e num er o ordinary shares outstandin durin the year.
Seg ent reporting
Operatin se ments are reported in a manner consistent with the internal reportin provided to the Group’s ana in Director ein the chie operatin decision ma er . he chie operatin decision ma er, who is responsi le or allocatin resources and assessin per ormance o the operatin se ments, has een identified as the Chairman o the steerin committee that ma es strate ic decisions. Se ment results include items directly attri uta le to a se ment as well as those that can e allocated on a reasona le asis. nallocated items comprise mainly operatin expenses, tax assets and lia ilities.
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