32. TAXATION Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Current tax expense based on profit/(loss) for the financial year: Malaysia - current year provision 3,402 530 312 - - under/(over) provision in prior years 1,594 (45) 1,712 (1) Overseas - current year provision 2,218 882 - - - over provision in prior years - (156) - - 7,214 1,211 2,024 (1) Deferred tax (Note 14) Origination and reversal of temporary differences (256) (1,019) - - Under/Over provision in prior years 853 (109) - - 597 (1,128) - - Real properties gain tax - 754 - - 7,811 837 2,024 (1) The Malaysian income tax is calculated at the statutory tax rate of 24% (2020: 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 2021 Change in the fair value of equity investment at fair value through other comprehensive income (4,030) - (4,030) Realisation of reserves upon disposal of subsidiaries (82) - (82) Foreign currency translations 3,425 - 3,425 Share of other comprehensive income of an associate 51 - 51 Share of other comprehensive income of a joint venture 61 - 61 (575) - (575) NOTES TO THE FINANCIAL STATEMENTS 167 P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 31 December 2021 (cont’d)
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