NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 (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% (2023 – 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 2024 2023 RM’000 RM’000 Items that will be reclassified subsequently to profit or loss Foreign currency translation: - changes during the financial year 10,454 (7,609) 36. EARNINGS PER SHARE (a) Basic Earnings Per Share T he basic earnings per share is calculated by dividing the consolidated profit attributable to owners of the Company by the weighted average number of ordinary shares in issue during the financial year. THE GROUP 2024 2023 Profit attributable to owners of the Company (RM’000) 244,308 207,220 Weighted average number of ordinary shares in issue (’000) 1,251,348 1,052,504 Basic earnings per share (sen) 19.5 19.7 (b) Diluted Earnings Per Share T he diluted earnings per share is equal to the basic earnings per share because there were no potential ordinary shares during the financial year. FINANCIAL STATEMENTS 193 INTEGRATED ANNUAL REPORT 2024
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