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Tax Expense
 12 Months Ended
Jun. 30, 2024
Tax Expense [Abstract]  
Tax Expense

18. TAX EXPENSE

 

   For the year ended 
   June 30,
2024		   June 30,
2023		   June 30,
2022		 
   RM   RM   RM 
             
Income tax            
- Current year provision   257,571    131,368    6,079,034 
- (Over)/Underprovision in prior year   33,408    (6,010,761)   633 
    290,979    (5,879,393)   6,079,667 
Deferred tax (Note 13)               
- Relating to origination and reversal of temporary differences   (7,569,432)   258,230    8,667,781 
- (Over)/Underprovision in prior year   (3,542,190)   (23,058)   161,926 
    (11,111,622)   235,172    8,829,707 
    (10,820,643)   (5,644,221)   14,909,374 

 

Malaysian income tax is calculated at the statutory tax rate of 24% (2023 and 2022: 24%) of the estimated taxable profit for the fiscal year.

 

Numerical reconciliation between the average effective tax rate and the applicable tax rate of the Group is as follows:

 

   For the year ended 
   June 30,
2024		   June 30,
2023		   June 30,
2022		 
   RM   RM   RM 
             
(Loss)/Profit before tax   (65,509,477)   21,893,004    88,292,396 
                
Tax at Malaysian statutory rate of 24% (2023 and 2022: 24%)   (15,722,274)   5,254,321    21,190,175 
                
Tax effects in respect of:               
Non-allowable expenses   591,130    1,024,330    1,199,536 
Non-taxable income   (1)   (2,524)   (22,721)
Deferred tax assets not recognized   11,256,099    2,205,090    
-
 
Changes in unrecognized temporary differences   (611,451)   13,288,607    (7,620,175)
Tax exempt income   8,595    (21,334,568)   
-
 
Utilisation of unrecognized deferred tax assets   (2,833,959)   (45,658)   
-
 
    (7,311,861)   389,598    14,746,815 
                
Under/(Over) provision in prior years:               
Income tax   33,408    (6,010,761)   633 
Deferred tax (Note 13)   (3,542,190)   (23,058)   161,926 
Tax expense   (10,820,643)   (5,644,221)   14,909,374