32. TAXATION (continued) 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 (continued): Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 (Restated) Income not subject to tax (6,368) (4,039) (730) (1,141) Deferred tax assets not recognised 1,822 2,007 - - Crystalisation of deferred tax liabilities (10) (10) - - Effects of gain subject to real property gain tax - 754 - - Deferred tax recognised on previously unrecognised tax losses - (564) - - Utilisation of previously unrecognised deferred tax asset (9) (26) - - Share of (profits)/losses of associates (124) 83 - - Share of profit of a joint venture (118) (80) - - Under/(Over) provision in prior years: - tax expense 1,594 (201) 1,712 (1) - deferred tax 853 (109) - - 7,811 837 2,024 (1) 33. (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 2021 2020 (Restated) (Loss)/Profit attributable to owners of the parent (RM’000) - Continuing operations (1,853) (18,550) - Discontinued operations - 5,757 (1,853) (12,793) Weighted average number of ordinary shares in issue (units’000) 429,439 419,418 Basic (loss)/earnings per ordinary share (sen) - Continuing operations (0.43) (4.42) - Discontinued operations - 1.37 (0.43) (3.05) NOTES TO THE FINANCIAL STATEMENTS 169 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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