EXCEL FORCE MSC BERHAD Annual Report 2023

EXCEL FORCE MSC BERHAD 103 Notes to the Financial Statements (Cont’d) 28. Taxation (Cont’d) 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 1.1.2022 to 30.6.2023 1.1.2021 to 31.12.2021 1.1.2022 to 30.6.2023 1.1.2021 to 31.12.2021 RM RM RM RM Unutilised tax losses 1,579,268 302,139 - - Unutilised capital allowances 323,539 148,611 - - 1,902,807 450,750 - - 29. Earnings Per Share (a) Basic earnings per share The basic earnings per share are calculated based on the consolidated profit for the financial period attributable to owners of the Company and the weighted average number of ordinary shares in issue during the financial period as follows: Group 30.6.2023 31.12.2021 Profit attributable to owners of the Company (RM) 12,118,556 12,320,631 Weighted average number of ordinary shares in issue: (units) Issued ordinary shares at 1 January 559,378,375 615,378,375 Effect of treasury shares held - (56,000,000) 559,378,375 559,378,375 Basic earnings per ordinary share (in sen) 2.17 2.20 (b) Diluted earnings per share The Group has no dilution in their earnings per ordinary shares as there are no dilutive potential ordinary shares. There have been no other transactions involving ordinary shares or potential ordinary shares since the end of the financial period and before the authorisation of these financial statements.

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