PRG Holdings Berhad Annual Report 2018

26. TAX EXPENSE (continued) Tax expense for other taxation authorities are calculated at the rates prevailing in those respective jurisdictions. The numerical reconciliations between the tax expense and the product of accounting (loss)/profit multiplied by the applicable tax rates of the Group and of the Company are as follows: Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Tax at Malaysian statutory tax rate of 24% (2017: 24%) (1,262) 1,559 233 8,536 Tax effects in respect of: Effects of different tax rates in: - Malaysian jurisdiction - (679) - - - foreign jurisdictions (273) 547 - - Non-allowable expenses 4,956 722 1,572 358 Tax incentives (47) (338) - - Income not subject to tax (2,149) (844) (1,805) (8,894) Deferred tax assets not recognised 809 454 - - Share of losses of associates 322 78 - - Share of profit of joint ventures (80) (68) - - Under/(Over)-provision in prior years: - tax expense 799 190 9 2 - deferred tax (255) (63) - - 2,820 1,558 9 2 27. (LOSS)/EARNINGS PER ORDINARY SHARE (a) Basic Basic (loss)/earnings per ordinary share for the financial year is calculated by dividing the (loss)/profit for the financial year attributable to owners of the parent by the weighted average number of ordinary shares outstanding during the financial year: Group 2018 2017 (Loss)/Profit attributable to owners of the parent (RM’000) (8,978) 449 Weighted average number of ordinary shares in issue (units’000) 305,500 299,146 Basic (loss)/earnings per ordinary share (sen) (2.939) 0.150 147 PRG HOLD I NGS BERHAD notes to the financial statements 31 December 2018 (continued)