257 How We Are Governed Financial Statements Shareholders’ Information Additional Information 40. TAXATION AND ZAKAT (CONT’D.) A reconciliation of taxation applicable to profit before taxation at the statutory income tax rate to taxation at the effective tax rate of the Group and of the Bank is as follows: Group Bank 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Profit before taxation and zakat 148,236 134,715 120,421 106,938 Taxation at Malaysian statutory income tax rate of 24% (2020: 24%) 35,577 32,332 28,901 25,665 Effect of income not subject to tax (10,219) (2,837) (4,465) (944) Effect of expenses not deductible for tax purposes 4,955 3,111 2,251 2,738 Deferred tax asset not recognised on unutilised business losses 391 577 - - Deferred tax asset not recognised on unabsorbed capital allowances 45 60 - - Over provision of deferred tax assets in prior years (2,572) (1,972) (2,531) (21) Under provision of income tax expense in prior years 872 714 1,109 927 Tax expense for the year 29,049 31,985 25,265 28,365 Zakat 372 445 340 430 Tax expense and zakat for the financial year 29,421 32,430 25,605 28,795 41. BASIC AND DILUTED EARNINGS PER SHARE Basic and diluted earnings per share amounts are calculated by dividing profit for the financial year attributable to equity holders of the Bank by the weighted average number of ordinary shares in issue during the financial year. Group 2021 2020 Profit for the financial year attributable to equity holders of the Bank (RM’000) 118,390 102,082 Weighted average number of ordinary shares in issue excluding treasury shares (‘000) 726,885 701,345 Effects of dilution (‘000) 15,723 18,342 Adjusted weighted average number of ordinary shares in issue (‘000) 742,608 719,687 Earnings per share (sen) - basic 16.29 14.56 - fully diluted 15.94 14.18 There were no potential dilutive ordinary shares outstanding as at 31 December 2021.
RkJQdWJsaXNoZXIy NDgzMzc=