28. TAX (CREDIT)/EXPENSE Group Company 1.7.2021 to 30.6.2022 RM’000 1.1.2020 to 30.6.2021 RM’000 1.7.2021 to 30.6.2022 RM’000 1.1.2020 to 30.6.2021 RM’000 Recognised in profit or loss Current tax expense – Current year/period 45,379 15,196 4,020 1,400 – Under/(Over) provision in prior period/ year 1,659 (400) 1,224 402 Total current tax expense 47,038 14,796 5,244 1,802 Deferred tax expense (Note 10) – Current year/period (141,884) (6,453) – – – (Over)/Under provision in prior period/ year (76) 226 – – Total deferred tax expense (141,960) (6,227) – – Total tax (credit)/expense (94,922) 8,569 5,244 1,802 Reconciliation of tax expense Net profit/(loss) after tax 707,274 68,633 6,879 (131,756) Total tax (credit)/expense (94,922) 8,569 5,244 1,802 Zakat 638 204 – – Net profit/(loss) excluding tax and Zakat 612,990 77,406 12,123 (129,954) Income tax using Malaysian tax rate of 24% (30.6.2021: 24%) 147,118 18,577 2,910 (31,189) Income not subject to tax (64,658) (54,117) (4,580) (33) Expenses not deductible for tax purposes 16,070 13,081 5,734 32,609 Share of loss of equity-accounted associates – 4,399 – – Tax exempt income due to pioneer status – (12) – – Effect of unrecognised deferred tax assets 10,114 25,717 – 13 Utilisation of deferred tax previously not recognised (220,269) – (44) – Effects of differential in tax rate of subsidiaries 15,120 1,098 – – (96,505) 8,743 4,020 1,400 Under/(Over) provision of tax expense in prior period/year 1,659 (400) 1,224 402 (Over)/Under provision of deferred tax expense in prior period/year (76) 226 – – Total tax (credit)/expense (94,922) 8,569 5,244 1,802 275 DNeX INTEGRATED REPORT 2022
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