FINANCIAL STATEMENTS (continued) 115 23. TAXATION (continued) Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Reconciliation of taxation Profit/(Loss) before tax 1,971 (10,456) 5,139 (939) Income tax using Malaysian tax rate of 24% (2021: 24%) 473 (2,510) 1,233 (225) Non-deductible expenses 374 763 127 1,483 Non-taxable income (242) (515) (1,360) (1,258) Crystallisation of deferred tax (146) (419) - - Unrecognised deferred tax assets 35 951 - - 494 (1,730) - - Under provision in prior years 636 525 - - 1,130 (1,205) - - 24. EARNINGS/(LOSS) PER ORDINARY SHARE (“EPS/LPS”) Basic earnings per ordinary share is calculated by dividing profit/(loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding after deducting treasury shares as follows: Group 2022 2021 Profit/(Loss) attributable to ordinary shareholders (RM’000) 841 (9,251) Weighted average number of ordinary shares (‘000) 424,432 420,541 Basic earnings/(loss) per ordinary share (sen) 0.20 (2.20) Diluted earnings per ordinary share is calculated by dividing profit/(loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding, adjusted for the effects of dilutive potential ordinary shares. The effects of dilutive potential ordinary shares have been arrived at based on the assumption that ESOS are exercised and the ordinary shares to be issued are based on the assumed proceeds on the difference between average share price for the financial year and exercise price. Group 2022 Profit attributable to ordinary shareholders (RM’000) 841 Weighted average number of ordinary shares (‘000) 424,432 Effect of dilution due to ESOS (‘000) 2,426 Adjusted weighted average number of ordinary shares (‘000) 426,858 Diluted earnings per ordinary share (sen) 0.20 For the previous financial year, diluted EPS was equivalent to the basic EPS as the share option had an anti-dilutive effect on the basic EPS and the Group has no other instruments with potential dilutive effects. 115 ANNUAL REPORT 2022
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