PRG Holdings Berhad Annual Report 2018

26. TAX EXPENSE Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Current tax expense based on (loss)/profit for the financial year: Malaysia - current year provision 505 4,944 - - - under-provision in prior years 799 52 9 2 Overseas - current year provision 913 1,180 - - - under-provision in prior years - 138 - - 2,217 6,314 9 2 Deferred tax (Note 12) Crystallisation of revaluation surplus (10) - - - Origination and reversal of temporary differences 868 (4,693) - - Over-provision in prior years (255) (63) - - 603 (4,756) - - 2,820 1,558 9 2 The Malaysian income tax is calculated at the statutory tax rate of 24% (2017: 24%) of the estimated taxable profits for the fiscal year. Tax on each component of other comprehensive income is as follows: Group Before tax Tax effect After tax RM’000 RM’000 RM’000 2018 Foreign currency translations 392 - 392 Share of other comprehensive loss of an associate (32) - (32) Share of other comprehensive loss of a joint venture (4) - (4) 356 - 356 2017 Foreign currency translations (3,073) - (3,073) 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) (3,511) - (3,511) 2018 A N N U A L R E P O R T 146 notes to the financial statements 31 December 2018 (continued)