Ntegrator International Ltd. - Annual Report 2020

76 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2020 8. Finance expenses Group 2020 2019 S$’000 S$’000 Interest expense - Bank borrowings 583 476 - Lease liabilities 61 66 - Shareholder of a subsidiary corporation 16 16 660 558 9. Income tax expense The tax on the Group’s loss before income tax differs from the theoretical amount that would arise using the Singapore standard rate of income tax is as follows: Group 2020 2019 S$’000 S$’000 Loss before income tax ( 5,032) (3,512) Tax calculated at tax rate 17% (2019: 17%) (855) (597) Effects of: - Expenses not deductible for tax purposes 45 41 - Income not subject to tax (418) - - Deferred tax assets not recognised - net 1,228 556 - - 10. Loss per share Basic loss per share is calculated by dividing the net loss attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the financial year. 2020 2019 Net loss attributable to equity holders of the Company (S$’000) ( 2,765) (1,982) Weighted average number of ordinary shares outstanding for basic earnings per share (’000) 1,065,395 1,065,395 Basic and diluted loss per share (cents per share) ( 0.26) (0.19) There are no dilutive potential ordinary shares during the financial year. 11. Cash and cash equivalents Group 2020 2019 S$’000 S$’000 Cash at bank and on hand 8,319 2,436 Company 2020 2019 S$’000 S$’000 Cash at bank and on hand 189 57