ENRA Group Berhad Annual Report 2021

FINANCIAL STATEMENTS & OTHERS Annual Report 2021 | ENRA Group Berhad 157 NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2021 30. TAX EXPENSE Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Current tax expense based on (loss)/profit for the financial year - Current year 1,122 3,524 – – - Under provision in prior years 72 58 – – 1,194 3,582 – – Deferred tax (Note 11) - Relating to origination and reversal of temporary differences 34 215 – – - (Over)/Under provision in prior year (90) 84 – – (56) 299 – – Total tax expense 1,137 3,881 – – (a) Malaysian income tax is calculated at the statutory tax rate of 24% (2020: 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 (loss)/profit multiplied by applicable tax rate of the Group and of the Company are as follows: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 (Loss)/Profit before tax (3,398) 8,362 (15,342) 5,489 Tax at Malaysian statutory tax rate of 24% (2020: 24%) (816) 2,007 (3,682) 1,317 Difference in tax rate 34 841 – – Non-allowable expenses 2,154 5,861 3,276 825 Non-taxable income (2,490) (5,755) (36) (2,626) Tax incentive – (324) – – Deferred tax assets not recognised 2,273 1,109 442 484 1,155 3,739 – – Under/(Over) provision in prior years: - income tax 72 58 – – - deferred tax (90) 84 – – 1,137 3,881 – –