ENRA Group Berhad Annual Report 2020

ENRA Group Berhad - Annual Report 2020 122 NOTES TO THE FINANCIAL STATEMENTS 31 March 2020 31. TAX EXPENSE Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 CONTINUING OPERATIONS Current tax expense based on profit for the financial year - Current year 3,524 3,407 - - - Under/(Over) provision in prior years 58 (451) - - 3,582 2,956 - - Deferred tax (Note 11) - Relating to origination and reversal of temporary differences 215 80 - - - Under/(Over) provision in prior year 84 (3) - - 299 77 - - Total tax expense from continuing operations 3,881 3,033 - - a. Malaysian income tax is calculated at the statutory tax rate of 24% (2019: 24%) of the estimated taxable profits for the fiscal year. b. Tax expense for other tax authorities are calculated at the rates prevailing in those respective jurisdictions. c. Numerical reconciliation between the tax expense and the product of accounting profit/(loss) multiplied by applicable tax rate of the Group and of the Company are as follows: Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 CONTINUING OPERATIONS Profit/(Loss) before tax 8,362 (23,284) 5,489 26,976 Tax at Malaysian statutory tax rate of 24% (2019: 24%) 2,007 (5,588) 1,317 6,474 Difference in tax rate 841 600 - - Non-allowable expenses 5,861 2,032 825 1,329 Non-taxable income (5,755) (432) (2,626) (8,468) Tax incentive (324) (55) - - Deferred tax assets not recognised 1,109 6,930 484 665 3,739 3,487 - - Under/(Over) provision in prior years: - income tax 58 (451) - - - deferred tax 84 (3) - - 3,881 3,033 - -