PRG Holdings Berhad Annual Report 2017

• Annual Report 2017 137 26. TAX EXPENSE (CONT’D) The numerical reconciliations between the tax expense and the product of accounting profit multiplied by the applicable tax rates of the Group and of the Company are as follows: Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Tax at Malaysian statutory tax rate of 24% (2016: 24%) 3,786 1,424 8,542 2,920 Tax effects in respect of: Effects of different tax rates in: - Malaysian jurisdiction (679) - - - - foreign jurisdictions 547 (746) - - Non-allowable expenses 1,872 1,922 352 144 Tax incentives (338) (150) - - Income not subject to tax (844) (185) (8,894) (3,064) Deferred tax assets not recognised 454 306 - - Utilisation of previously unrecognised deferred tax assets - (339) - - Share of loss of associates 78 - - - Share of profit of a joint venture (68) (37) - - Under/(Over)-provision in prior years: - tax expense 190 (202) 2 1 - deferred tax (63) (1,108) - - 4,935 885 2 1 Tax on each component of other comprehensive income is as follows: Group Before tax Tax effect After tax RM’000 RM’000 RM’000 2017 Foreign currency translations (3,078) - (3,078) Reclassification of exchange translation reserve to profit or loss upon partial disposal of a subsidiary (305) - (305) Share of other comprehensive loss of an associate (45) - (45) Share of other comprehensive loss of a joint venture (88) - (88) (3,516) - (3,516) 2016 Foreign currency translations 1,195 - 1,195 Share of other comprehensive income of a joint venture 46 - 46 1,241 - 1,241 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 )