38. TAX EXPENSE (CONTINUED) A reconciliation of effective tax expense for the Group and the Bank are as follows: Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Profit before tax 773,125 746,829 772,036 828,248 Income tax calculated using Malaysian tax rate of 24% 185,215 179,239 185,289 198,780 Income not subject to tax (3,346) (2,921) (2,817) (21,805) Non-deductible expenses 9,297 6,858 8,442 5,800 Zakat (2,951) (3,200) (2,948) (3,173) Deferred tax assets not recognised – 131 – – (Over)/Under provision in prior years (500) 2,128 (1,066) 2,184 Share of profits in associate 335 – – – 188,050 182,235 186,900 181,786 39. EARNINGS PER SHARE Basic earnings per share are calculated based on the net profit attributable to equity holders of the Group of RM571,084,000 (2023: RM553,050,000) and the weighted average number of ordinary shares outstanding during the year of 2,266,473,214 (2023: 2,250,931,281). The Group has no dilution in its earnings per ordinary shares in the current and previous financial year as there are no dilutive potential ordinary shares. 40. DIVIDEND Dividend paid by the Bank: Sen per share Total Amount RM’000 Date of payment 2024 First Interim 2024 11.00 249,312 10 January 2025 Second Interim 2023 4.22 95,645 5 April 2024 344,957 2023 First Interim 2023 12.59 285,349 12 January 2024 Second Interim 2022 3.40 76,296 12 May 2023 361,645 Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2024 366 Notes to the Financial Statements for the financial year ended 31 December 2024
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