Page 103 - Annual Report 2021
P. 103
24. incOME tax ExPEnsE (cOnt’D)
A reconciliation of income tax expense applicable to the profit before taxation at the statutory tax rate to income tax
expense at the effective tax rate of the Group and of the Company is as follows:-
the group the company
2021 2020 2021 2020
rM rM rM rM
Profit before taxation 25,033,363 17,829,950 5,682,126 5,025,385
Tax at the statutory tax rate
of 24% (2020 - 24%) 6,008,007 4,279,188 1,363,710 1,206,092
Tax effects of:-
Non-deductible expenses 1,129,782 420,538 113,690 125,812
Non-taxable income - (357) (1,760,993) (1,287,840)
Utilisation of deferred tax assets
previously not recognised (541,701) (244,831) - -
Deferred tax assets not recognised during the
financial year 286,386 - 283,593 -
Under/(Over)provision in the
previous financial year:
- current tax (218,184) 680,477 (68,569) 58,424
- deferred tax (608,869) 370,470 - -
6,055,421 5,505,485 (68,569) 102,488
No deferred tax assets are recognised on the following items:-
the group the company
2021 2020 2021 2020
rM rM rM rM
Unutilised tax losses 36,305,795 35,538,207 3,139,749 1,983,786
Unabsorbed capital allowances 379,358 2,103,287 376,395 350,721
Other deductible temporary differences 3,583,591 3,691,063 - -
40,268,744 41,332,557 3,516,144 2,334,507
Annual Report 2021 103
