NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 34. INCOME TAX EXPENSE (CONT’D) Based on the current legislation, the unused tax losses up to the year of assessment 2018 can be carried forward until the year of assessment 2028 and the unused tax losses for 2019 onwards are allowed to be utilised for 10 consecutive years of assessment immediately following that year of assessment; whereas, the unabsorbed capital allowances are allowed to be carried forward indefinitely. Domestic income tax is calculated at the Malaysian statutory tax rate of 24% (2022 – 24%) of the estimated assessable profit for the financial year. The taxation of other jurisdictions is calculated at the rates prevailing in the respective jurisdiction. 35. OTHER COMPREHENSIVE INCOME THE GROUP 2023 RM’000 2022 RM’000 Items that will be reclassified subsequently to profit or loss Foreign currency translation: - changes during the financial year (7,609) 3,765 36. EARNINGS PER SHARE The calculation of basic earnings per share was based on the profit attributable to equity holders of the Company and divided by the weighted average number of ordinary shares in issue during the year under review. THE GROUP 2023 2022 Profit attributable to owners of the Company (RM’000) 207,220 205,198 Weighted average number of ordinary shares in issue (’000) 1,052,504 1,052,504* Basic earnings per share (sen) 19.7 19.5 * The comparative basis earnings per share have been restated taken into account the effect of bonus issue on the basis of one share for every two existing ordinary shares held in financial year 2023. INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 209
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