Sasbadi Annual Report 2019

PAGE 115 ANNUAL REPORT 2019 FINANCIAL STATEMENTS (continued) 20. Tax expense (continued) Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Restated Reconciliation of tax expense Profit before tax 6,876 4,229 174 239 Income tax using Malaysian tax rate of 24% (2018: 24%) 1,650 1,015 42 57 Non-deductible expenses 1,010 958 188 202 Non-taxable income (15) (20) (230) (259) Unrecognised deferred tax assets 636 - - - 3,281 1,953 - - Under/(Over) provision in prior year 331 221 - (2) Tax expense 3,612 2,174 - (2) 21. Earnings per ordinary share The calculation of basic earnings per ordinary share at 31 August 2019 was based on the profit attributable to ordinary shareholders and a weighted average number of ordinary shares outstanding, calculated as follows: 2019 2018 Group Restated Profit attributable to ordinary shareholders (RM’000) 3,264 2,055 Weighted average number of ordinary shares at 31 August (’000) 419,099 419,099 Basic earnings per ordinary shares (sen) 0.78 0.49 Diluted earnings per ordinary share is not presented as the Group has no shares or other instruments with potential dilutive effects as at 31 August 2019 (2018: None).