172 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) DATASONIC GROUP BERHAD FINANCIAL STATEMENT 06 38. INCOME TAX EXPENSE (CONT’D) A reconciliation of the income tax expense applicable to the profit before taxation at the statutory tax rate to the income tax expense at the effective tax rate of the Group and of the Company is as follows:- Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Profit before taxation 108,183 12,737 49,451 1,952 Tax at the statutory tax rate of 24% 25,964 3,057 11,868 468 Tax effects of:- Non-deductible expenses 1,894 2,026 2,292 547 Non-taxable income (984) (1,041) (13,861) (840) Effect of reinvestment allowance (616) - - - Income tax exempted from tax due to pioneer status (707) (742) - - Deferred tax liabilities recognised due to expiration of pioneer status 5,037 - - - Deferred tax liabilities not recognised due to pioneer status - (2,395) - - Deferred tax asset not recognised during the financial year 720 1,409 132 59 Utilisation of deferred tax assets previously not recognised - (86) - - Effects of differential in tax rates of subsidiary 195 389 - - Under/(over)provision in the previous financial year: - current taxation 108 134 41 (61) - deferred taxation 227 (239) - - Income tax expense for the financial year 31,838 2,512 472 173 Domestic income tax is calculated at the Malaysian statutory tax rate of 24% (2022 - 24%) of the estimated assessable profit for the financial year. The taxation of other jurisdictions is calculated at the rates prevailing in the respective jurisdictions. 39. EARNINGS PER SHARE Group 2023 2022 Profit attributable to owners of the Company (RM’000) 76,367 10,244 Weighted average number of ordinary shares in issue (’000) 2,850,789 2,867,888 Basic earnings per share (sen) 2.68 0.36 Diluted earnings per share (sen) 2.68 0.36 The effects of potential ordinary shares arising from the conversion of Warrants are anti-dilutive and accordingly, they have been ignored in the calculation of dilutive earnings per share. As a result, the diluted earnings per ordinary share was the same as basic earnings per share.
RkJQdWJsaXNoZXIy NDgzMzc=