NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 11. DIRECTORS’ REMUNERATION (CONT’D.) The aggregate remuneration of directors of the Company are analysed into appropriate bands as follows: Group Company Number of directors Number of directors 2024 2023 2024 2023 Executive directors: RM100,001 - RM150,000 1 – 1 – RM500,001 - RM550,000 – 1 – 1 RM950,001 - RM1,000,000 1 – 1 – RM1,000,001 - RM1,050,000 1 – 1 – RM2,150,001 - RM2,200,000 1 – 1 – RM4,800,001 - RM4,850,000 1 1 1 1 Non-executive directors: RM1 - RM50,000 2 2 2 2 RM50,001 - RM100,000 – – – – RM100,001 - RM150,000 2 – 2 – RM150,001 - RM200,000 3 5 3 5 RM200,001 - RM250,000 4 4 4 4 12. INCOME TAX EXPENSE Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Current income tax: Malaysian income tax 47,881 51,781 – – Foreign income tax – 4 – – (Over)/underprovision in prior years (303) (720) – 606 47,578 51,065 – 606 Real property gain tax: Current financial year 901 4,882 – 4,582 Deferred tax (Note 31): Origination and reversal of temporary differences 66,464 (19,371) 141 (396) Under/(over)provision in prior year 1,004 (3,459) (48) 80 67,468 (22,830) 93 (316) Total income tax expense 115,947 33,117 93 4,872 Domestic income tax is calculated at the Malaysian statutory tax rate of 24% (2023: 24%) of the estimated assessable (loss)/profit for the financial year. Taxation for other jurisdictions is calculated at the rates prevailing in the respective jurisdictions. ANNUAL REPORT 2024 268
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