2019 UEM Edgenta Annual Report

190 Notes to the Financial Statements For the year ended 31 December 2019 10. INCOME TAX EXPENSE/(BENEFIT) (CONT’D.) Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Income statements (cont’d.) Deferred tax (Note 32): - Relating to origination and reversal of temporary differences 3,909 (2,933) - - - (Over)/under provision in prior years (2,491) 4,109 - - 1,418 1,176 - - Income tax recognised in profit or loss 53,844 43,260 (218) - Statements of other comprehensive income Deferred tax related to items recognised during the year (Note 32): - Remeasurement loss on Retirement Benefit Scheme and Defined Benefit Pension Scheme - 61 - - - 61 - - Domestic income tax is calculated at the Malaysian statutory tax rate of 24% (2018: 24%) of the estimated assessable profit for the year. Taxation for other jurisdictions is calculated at the rates prevailing in the respective jurisdictions. Profits derived from overseas branch operations are not subject to Malaysian tax.