145 FINANCIAL STATEMENTS & OTHERS ENRA GROUP BERHAD ANNUAL REPORT 2023 Notes To The Financial Statements 31 March 2023 (Cont’d) 26. TAX EXPENSE Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Current tax expense based on (loss)/profit for the financial year - Current year 100 643 - - - (Over)/Under provision in prior years (39) 10 2 12 Total tax expense 61 653 2 12 (a) Malaysian income tax is calculated at the statutory tax rate of 24% (2022: 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 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 (Loss)/Profit before tax (39,476) 6,249 (31,310) 10,808 Tax at Malaysian statutory tax rate of 24% (2022: 24%) (9,474) 1,500 (7,514) 2,594 Non-allowable expenses 7,637 12,025 7,485 2,714 Non-taxable income (358) (13,421) (47) (5,862) Deferred tax assets not recognised 2,447 567 76 554 Effect of different tax rate in foreign jurisdiction (152) (28) - - 100 643 - - (Over)/Under provision in prior years: - income tax (39) 10 2 12 61 653 2 12 (d) Tax on each component of other comprehensive income is as follows: Group Before tax Tax effect After tax RM’000 RM’000 RM’000 Items that may be reclassified subsequently to profit or loss 2023 Foreign currency translations 2,487 - 2,487 2022 Foreign currency translations 50 - 50
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