32. TAXATION (continued) Tax on each component of other comprehensive income is as follows (continued): Group Before tax Tax effect After tax RM’000 RM’000 RM’000 2020 Change in the fair value of equity investment 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) Company 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) 2020 Change in the fair value of equity investment at fair value through other comprehensive income (2,422) - (2,422) 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 profit/(loss) multiplied by the applicable tax rates of the Group and of the Company are as follows: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 (Restated) Tax at Malaysian statutory tax rate of 24% (2020: 24%) 3,743 (7,793) (2,371) (4,395) Tax effects in respect of: Effects of different tax rates in: - foreign jurisdictions (1,753) (597) - - Non-allowable expenses 8,381 11,856 3,413 5,536 Tax incentives (200) (444) - - NOTES TO THE FINANCIAL STATEMENTS 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 1 168 31 December 2021 (cont’d)
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