2020 UEM Edgenta Annual Report

10. INCOME TAX EXPENSE/(BENEFIT) (CONTD.) Major components of income tax expense (contd.) Major components of income tax expense for the years ended 31 December 2020 and 2019 are: (contd.) Group Company RM’000 2020 2019 2020 2019 Income statements (contd.) Deferred tax: (Note 29) - Relating to origination and reversal of temporary differences (1,998) 3,909 – – - Under/(over) provision in prior years 625 (2,491) – – (1,373) 1,418 – – Income tax recognised in profit or loss 30,192 53,844 10 (218) Domestic income tax is calculated at the Malaysian statutory tax rate of 24% (2019: 24%) of the estimated assessable profit for the year. Taxation for other jurisdictions is calculated at the rates prevailing in the respective jurisdictions. Profits derived from overseas branch operations are not subject to Malaysian tax. UEM EDGENTA BERHAD 232 Financial Statements NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020