Sasbadi Annual Report 2020

119 ANNUAL REPORT 2020 FINANCIAL STATEMENTS (continued) 22. (Loss)/Profit before tax (continued) Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 (Loss)/Profit before tax is arrived at after charging/(crediting): Expenses/(Income) arising from leases Expenses related to short-term leases 356 - - - Expenses related to leases of low-value assets 27 - - - Interest expenses in relation to lease liabilities 93 - - - Income from rent concessions (12) - - - Rental of premises - 947 - - Rental of machinery - 45 - - 23. Taxation Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Current taxation Current year 382 3,132 - - Under/(Over) provision in prior years 81 (1,109) - - 463 2,023 - - Deferred taxation Origination and reversal of temporary differences (808) 149 - - (Over)/Under provision in prior years (7) 1,440 - - (815) 1,589 - - (352) 3,612 - - Reconciliation of taxation (Loss)/Profit before tax (9,304) 6,876 34 174 Income tax using Malaysian tax rate of 24% (2019: 24%) (2,233) 1,650 8 42 Non-deductible expenses 901 1,010 194 188 Non-taxable income (21) (15) (202) (230) Unrecognised deferred tax assets 927 636 - - (426) 3,281 - - Under provision in prior years 74 331 - - (352) 3,612 - -