Page 326 - MSM_AIR2021

324 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

14 TAXATION – CONTINUING OPERATIONS
Group Company
2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000

Current tax 40,793 34,060 4,242 2,236
Under accrual in prior financial year 2,622 490 423 301
43,415 34,550 4,665 2,537
Deferred tax (Note 32) 72 (4,052) (214) (89)
43,487 30,498 4,451 2,448
The numerical reconciliation of the relationship between taxation and profit before taxation after zakat is as follows:
Group Company
2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000

Profit before taxation after zakat 80,102 34,361 205,346 49,766
Tax at Malaysian tax rate of 24% (2020: 24%) 19,225 8,247 49,283 11,944
Tax effects of:
- expenses not deductible for tax purposes 13,515 8,621 2,519 9,770
- income not subject to tax (6,219) (4,715) (47,774) (19,567)
- under accrual in prior financial year 2,622 490 423 301
- temporary differences not recognised 14,292 17,546 - -
- temporary differences in respect of prior years 52 309 - -
43,487 30,498 4,451 2,448

15 EARNINGS/(LOSS) PER SHARE
Group
Continuing operations 2021 2020
RM’000 RM’000
Profit for the financial year attributable to owners of the Company 36,615 3,863
Weighted average number of ordinary shares in issue (‘000) 702,980 702,980
Basic and diluted earnings per share (sen) 5.21 0.55
Discontinued operations

Profit/(Loss) for the financial year attributable to owners of the Company 88,738 (75,091)
Weighted average number of ordinary shares in issue (‘000) 702,980 702,980
Basic and diluted profit/(loss) per share (sen) 12.62 (10.68)
There is no diluted earnings per share as there is no potential dilutive ordinary shares in issue.