DESTINI Annual Report 2018

33. Profit/(Loss) Before Tax (Cont’d) Profit/(Loss) before tax is derived after charging/(crediting)(Cont’d): 34. Taxation Group Company 2018 2017 2018 2017 RM RM (Restated) RM RM Reversal of impairment loss on trade receivables (18,868) - - - Rental expense: - Workshop 140,900 133,200 - - - Equipment 193,112 188,607 - - - Motor vehicles 269,187 249,792 - 15,640 - Premises 3,296,945 3,335,813 - - Waiver of debts by other payables - (5,627) - - Rental income: - Equipment - (3,522) - - - Motor vehicles (214,038) (216,000) - - - Premises (260,895) (212,811) (152,321) (150,113) Group Company 2018 2017 2018 2017 RM RM RM RM Tax expenses recognised in profit or loss (18,868) - - - Current year provision: - Malaysian income tax 5,342,704 16,967,851 95,028 3,417,240 - Foreign tax 254,193 2,537 - - - Under provision in prior years 377,086 822,858 733,617 226,134 5,973,983 17,793,246 828,645 3,643,374 Deferred tax (Note 26): Origination and reversal of temporary differences (49,788) (1,839,233) 3,306 27,970 Under/(Over) provision in prior years 1,484,734 555,504 (30,765) 24,582 1,434,946 (1,283,729) (27,459) 52,552 Tax expense for the the financial year 7,408,929 16,509,517 801,186 3,695,926 Malaysian income tax is calculated at the statutory tax rate of 24% (2017: 24%) of the estimated assessable profit for the financial year. Taxation for other jurisdictions is calculated at the rates prevailing in the respective jurisdictions. DESTINI BERHAD ANNUAL REPORT 2018 177