23. TAXATION (continued) Group Company 2024 2023 2024 2023 RM9000 RM9000 RM9000 RM9000 Reconciliation of tax expense Profit before tax 2,979 13,150 723 725 Income tax using Malaysian tax rate of 24% (2023: 24%) 715 3,156 174 174 Non-deductible expenses 1,364 897 351 179 Non-taxable income (162) (94) (423) (249) Crystallisation of deferred tax (185) (186) - - Utilisation of previously unrecognised deferred tax assets (7) (1,016) - - Unrecognised deferred tax - assets 80 172 - - Green investment tax allowance - (166) - - 1,805 2,763 102 104 Under/(Over) provision of current tax in prior years 146 (7) (20) - (Over)/Under provision of deferred tax in prior years (1,179) 226 - - 772 2,982 82 104 Tax on each component of other comprehensive income is as follows: Item that will not be reclassified subsequently to profit or loss Group Before tax Tax effect After tax 2024 RM RM RM Revaluation gain on property, plant and equipment - - - 2023 Revaluation gain on property, plant and equipment 6,548 (1,572) 4,976 ANNUAL REPORT 2024 HOLDINGS BERHAD Financial Statements (continued) 134
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