FINANCIAL STATEMENTS 66 Notes to the annual financial statements (continued) for the year ended 30 June 2021 5. Taxation Note 2021 2020 All figures are in A$000's Current income tax: Current tax expense 2,050 2,563 Adjustment in respect of current year income tax of previous year 57 250 Deferred tax: Relating to origination, reversal and impairment of temporary differences 32 597 Income tax expense reported in statement of profit or loss 2,139 3,410 A reconciliation of income tax expense applicable to accounting profit before income tax at the statutory income tax rate to income tax expense at the Group's effective income tax rate for the years ended 30 June 2021 and 2020 is as follows: Accounting profit / (loss) before income tax 25,173 (13,084) Income tax expense / (benefit) at the statutory income tax rate of 30% (2020: 30%) 7,552 (3,925) Adjusted for: Permanent differences and non-assessable income (717) (726) Share of loss of associates 175 365 Withholding tax expensed 1,018 2,052 Utilisation of previously unrecognised losses (9,648) (124) Tax losses not recognised 3,025 5,362 Adjustment in respect of current income tax of previous year 57 250 Effects of lower rates of tax on overseas income 511 106 Other items 166 50 Income tax expense reported in statement of profit or loss 2,139 3,410 Consolidated
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