PRG Holdings Berhad Annual Report 2017

• PRG HOLDINGS BERHAD 136 25. PROFIT BEFORE TAX (CONT’D) Other than those disclosed elsewhere in the financial statements, the profit before tax is arrived at (cont’d): Group Company 2017 2016 2017 2016 Note RM’000 RM’000 RM’000 RM’000 and after crediting (cont’d): Gain on disposals of: - property, plant and equipment 876 134 57 16 - subsidiaries 9 6,827 - 6,155 - Rental income on: - buildings 107 - - - - equipment 717 - - - Reversal of impairment losses of investments in subsidiaries 9 - - 2,545 - * Amount is less than RM1,000. The estimated monetary value of benefits-in-kind received by the Directors other than in cash from the Group amounted to RM169,000 (2016: RM153,000). 26. TAX EXPENSE Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Current tax expense based on profit for the financial year: Malaysia - current year provision 4,944 787 - - - under/(over)-provision in prior years 52 (202) 2 1 Overseas - current year provision 1,180 939 - - - under-provision in prior years 138 - - - 6,314 1,524 2 1 Deferred tax (Note 12) Origination and reversal of temporary differences (1,316) 469 - - Over-provision in prior years (63) (1,108) - - (1,379) (639) - - 4,935 885 2 1 The Malaysian income tax is calculated at the statutory tax rate of twenty-four percent (24%) (2016: 24%) of the estimated taxable profits for the fiscal year. Tax expense for other taxation authorities are calculated at the rates prevailing in those respective jurisdictions. N O T E S T O T H E F I N A N C I A L S T A T E M E N T S 3 1 D E C E M B E R 2 0 1 7 ( c o n t ’ d )