234 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2023 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2023 12. Finance costs Group Company 2023 RM million 2022 RM million 2023 RM million 2022 RM million Bank charges 5 11 - 1 Interest expenses: - Loans and borrowings 568 304 57 9 - Lease liabilities 6 2 - - - Due to subsidiaries - - 58 52 Cash flow hedge reclassified to profit or loss (10) 66 - - Unwinding of notional interest (Note 35(e)) 8 5 - - 577 388 115 62 13. Income tax expense Major components of income tax expense The major components of income tax expense for the financial years ended 31 January 2023 and 2022 were: Group Company 2023 RM million 2022 RM million 2023 RM million 2022 RM million Income statements Current income tax - Malaysian income tax 18 13 5 1 - Foreign tax 139 88 - - - Under provision in prior years 1 2 - 1 158 103 5 2 Deferred tax (Note 34): - Relating to origination/reversal of temporary differences 109 89 - - 267 192 5 2
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