ANNUAL REPORT 2025 FINANCIAL STATEMENTS Notes to the Financial Statements (Cont’d) For the Financial Year Ended 31 March 2025 171 41. PROFIT BEFORE TAXATION (CONT’D) Group Company 2025 2024 2025 2024 RM’000 RM’000 RM’000 RM’000 Profit before taxation is arrived at after charging/(crediting) (Cont’d):- Trade receivables (Note 16): - Allowance for impairment loss - 174 - - - Written back (406) (30) - - Staff costs (Note 39) 71,434 64,415 16,669 12,638 Lease expenses: - Short-term leases 647 354 311 44 - Low-value assets 101 171 25 24 42. INCOME TAX EXPENSE Group Company 2025 2024 2025 2024 RM’000 RM’000 RM’000 RM’000 Income tax expense: - for the financial year 37,772 31,186 281 350 - overprovision in the previous financial years (235) (451) (64) (68) 37,537 30,735 217 282 Deferred tax liabilities (Note 13): - for the financial year (1,476) (879) - - - underprovision in the previous financial years 38 388 - - (1,438) (491) - - 36,099 30,244 217 282 A reconciliation of the income tax expense applicable to the profit before taxation at the statutory tax rate to the income tax expense at the effective tax rate of the Group and of the Company is as follows:- Group Company 2025 2024 2025 2024 RM’000 RM’000 RM’000 RM’000 Profit before taxation 151,775 122,476 60,379 84,764 Tax at the statutory tax rate of 24% (2024 - 24%) 36,426 29,394 14,491 20,343 Tax effects of:- Non-deductible expenses 4,556 2,721 2,714 717 Non-taxable income (3,960) (1,241) (16,798) (20,684) Effect of reinvestment allowance (72) (1,018) - - Deferred tax asset not recognised during the financial year 525 1,042 - - Utilisation of deferred tax assets previously not recognised (1,368) (658) (126) (26) Effects of differential in tax rates of subsidiaries 189 67 - - (Over)/Underprovision in the previous financial years: - current taxation (235) (451) (64) (68) - deferred taxation 38 388 - - Income tax expense for the financial year 36,099 30,244 217 282 Domestic income tax is calculated at the Malaysian statutory tax rate of 24% (2024 - 24%) of the estimated assessable profit for the financial year. The taxation of other jurisdictions is calculated at the rates prevailing in the respective jurisdictions.
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