NOTES TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION For the six months ended 30 June 2022 7. INCOME TAX EXPENSE For the six months ended 30 June 2022 2021 (Unaudited) (Unaudited) US$’000 US$’000 Current tax 58,475 19,908 Deferred tax 41,268 38,007 99,743 57,915 The Company was incorporated in the Cayman Islands as an exempted company with limited liability under the Cayman Islands Companies Law and is exempted from the payment of Cayman Islands income tax. During the period, Hong Kong profits tax has been provided at the rate of 16.5% (30 June 2021: 16.5%) on the assessable profits arising in Hong Kong. During the period, the subsidiaries incorporated in China are subject to China income tax at the rate of 25% (30 June 2021: 25%). Taxes on estimated assessable profits elsewhere were calculated at the rates of taxation prevailing in the respective jurisdictions in which the Group operates. 8. DIVIDENDS No dividend has been paid by the Company during the six months ended 30 June 2022 (30 June 2021: nil). On 25 August 2022, the board of directors declared an interim dividend of HK$12.5 cents (six months ended 30 June 2021: nil) per ordinary share for the financial year ending 31 December 2022, amounting to a total of approximately US$70,000,000 (six months ended 30 June 2021: nil). E S R G R O U P L I M I T E D I N T E R I M R E P O R T 2 0 2 2 59
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