Registration No. 200301030845 (633265-K) - 120 - 32. Taxation (Cont’d) A reconciliation of income tax expense/(credit) applicable to loss before tax at the statutory income tax rate to income tax expense/(credit) at the effective income tax rate of the Group and of the Company is as follows: 1.1.2023 1.1.2022 1.1.2023 1.1.2022 to to to to 30.6.2024 31.12.2022 30.6.2024 31.12.2022 (18 months) (12 months) (18 months) (12 months) RM RM RM RM Loss before tax (132,740,004) (33,157,080) (251,239,091) (177,847,565) Taxation at statutory tax rate of 24% (31,857,601) (7,957,699) (60,297,382) (42,683,416) Effects of tax rates in other countries 2,862,775 413,568 - - Income not subject to tax (5,791,201) (1,197,015) - (10,368) Expenses not deductible for tax purposes 16,028,592 7,912,329 52,180,441 1,685,863 Utilisation of previously unrecognised deferred tax assets (14,034) (1,634,998) - - Deferred tax assets not recognised 20,024,326 2,272,970 8,116,941 41,007,921 (Over)/Underprovision of deferred tax in prior year (185,316) 453,857 - - Under/(Over)provision of income tax expense in prior years 2,981,055 (589,881) - (341,969) 4,048,596 (326,869) - (341,969) Group Company 197 DESTINI BERHAD ANNUAL REPORT 2024
RkJQdWJsaXNoZXIy NDgzMzc=