PRG Holdings Berhad Annual Report 2020

33. TAXATION Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Current tax expense based on (loss)/profit for the financial year: Malaysia - current year provision 530 514 - - - (over)/under provision in prior years (45) (64) (1) - Overseas - current year provision 882 1,698 - - - (over)/under provision in prior years (156) 81 - - 1,211 2,229 (1) - Deferred tax (Note 15) Origination and reversal of temporary differences (1,019) (113) - - (Over)/Under provision in prior years (109) 4 - - (1,128) (109) - - Real properties gain tax 754 - - - 837 2,120 (1) - The Malaysian income tax is calculated at the statutory tax rate of 24% (2019: 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 2020 Change in the fair value of equity investments at fair value through other comprehensive income (2,422) - (2,422) Realisation of reserves upon disposal of a subsidiary 1,393 - 1,393 Foreign currency translations 1,030 - 1,030 Share of other comprehensive income of an associate 11 - 11 Share of other comprehensive loss of a joint venture (31) - (31) (19) - (19) 2019 Change in the fair value of equity investments at fair value through other comprehensive income (21,875) - (21,875) Foreign currency translations (2,086) - (2,086) Share of other comprehensive loss of an associate (49) - (49) Share of other comprehensive loss of a joint venture (21) - (21) (24,031) - (24,031) PRG HOLDINGS BERHAD 166 Notes to the Financial Statements 31 December 2020 cont’d