Serba Dinamik Annual Report 2021

Registration No: 201501042584 (1167905-P) Serba Dinamik Holdings Berhad (Incorporated in Malaysia) 110 26. Taxation Group Company Financial period from 1.1.2020 to 30.6.2021 Financial year from 1.1.2019 to 31.12.2019 Financial period from 1.1.2020 to 30.6.2021 Financial year from 1.1.2019 to 31.12.2019 RM’000 RM’000 RM’000 RM’000 Current tax expenses Malaysia - current period/year 63,161 32,249 3,817 4,047 - prior years (3,521) 13,493 2,550 2,807 Overseas - current period/year 1,731 658 - - 61,371 46,400 6,367 6,854 Deferred tax expense (Note 12) - current period/year (38,827) 10,121 - - - prior years 68,230 (9,676) - - 29,403 445 - - 90,774 46,845 6,367 6,854 Reconciliation of income tax expense applicable to the results of the Group and of the Company at the statutory income tax rate to income tax expense at the effective income tax rate of the Group and of the Company are as follows: Group Company Financial period from 1.1.2020 to 30.6.2021 Financial year from 1.1.2019 to 31.12.2019 Financial period from 1.1.2020 to 30.6.2021 Financial year from 1.1.2019 to 31.12.2019 RM’000 RM’000 RM’000 RM’000 (Loss)/Profit before taxation (94,599) 544,828 241,107 147,078 Tax at Malaysian statutory tax rate of 24% (2019: 24%) (22,703) 130,342 57,866 35,299 Tax exempt income - - (65,859) (33,943) Tax effects of different tax rates in foreign jurisdictions 374 (96) - - - non-deductible expenses 312,746 50,289 11,810 2,691 - profit from foreign source not subject to Malaysian tax (264,352) (137,507) - - Over/underprovision of income tax in prior years (3,521) 13,493 - - Under/(over) provision of deferred tax in prior years 68,230 (9,676) 2,550 2,807 Tax expense for the period/year 90,774 46,845 6,367 6,854