103 Annual Report 2025 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2025 (CONT’D) 28. TAXATION Group Company 2025 2024 2025 2024 RM RM RM RM Tax expenses recognised in profit or loss Current tax - Current year 1,783,910 2,504,547 - - - (Over)/Under provision in prior years (147,095) (144,725) 397,434 (144,174) 1,636,815 2,359,822 397,434 (144,174) Deferred tax - Origination and reversal of temporary differences 789,276 640,059 (4,431) 679,018 - (Over)/Under provision in prior years (138,892) - 4,431 - 2,287,199 2,999,881 397,434 534,844 Malaysian income tax is calculated at the statutory tax rate of 24% (2024: 24%) of the estimated assessable profits for the financial year. A reconciliation of income tax expenses applicable to profit/(loss) before tax at the statutory tax rate to income tax expenses at the effective income tax of the Group and of the Company are as follows: Group Company 2025 2024 2025 2024 RM RM RM RM Profit/(Loss) before tax 7,361,926 11,281,453 (2,839,170) 2,207,632 At Malaysian statutory tax rate of 24% (2024: 24%) 1,766,862 2,707,549 (681,401) 529,832 Expenses not deductible for tax purposes 907,919 317,307 690,531 103,556 Income not subject to tax (285,302) (289,867) (13,561) (179,510) Deferred tax assets not recognised 183,707 409,617 - 225,140 (Over)/Under provision of income tax in prior years (147,095) (144,725) 397,434 (144,174) (Over)/Under provision of deferred tax in prior years (138,892) - 4,431 - 2,287,199 2,999,881 397,434 534,844 The Group and the Company have the estimated unutilised tax losses and unutilised capital allowances to carry forward, available to offset against future taxable profits. The said amounts are subject to approval by the tax authorities. Group Company 2025 2024 2025 2024 RM RM RM RM Unutilised tax losses 2,462,983 1,925,054 - - Unutilised capital allowances 1,152,131 980,170 14,546 - 3,615,114 2,905,224 14,546 -
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