Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 120

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 19
Chunk 120
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 11,129,227 1,426,824 0.532

T. Income taxes

The
Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes. Under the asset and liability method as required
by this accounting standard, the recognition of deferred income tax liabilities and assets for the expected future tax consequences of
temporary differences between the income tax basis and financial reporting basis of assets and liabilities. Provision for income taxes
consists of taxes currently due plus deferred taxes.

The
charge for taxation is based on the results for the year as adjusted for items which are non-assessable or disallowed. It is calculated
using tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred
tax is recorded for using the balance sheet asset and liability method in respect of temporary differences arising from differences between
the carrying amount of assets and liabilities in the financial statements and the corresponding tax basis. Deferred tax assets are recognized
to the extent it is probable that taxable income will be generated to utilize net operating loss carried forwards. Deferred tax is calculated
using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged
or credited in the income statement, except when it is related to items credited or charged directly to equity. Net deferred tax assets
are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the net
deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities.

An
uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained
in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that
has a greater than 50% likelihood of being realized on examination. Penalties and interest incurred related to underpayment of income
tax are classified as income tax expense in the period incurred. There were no

CLICK
HOLDINGS LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

U. Earnings (loss) per share

Earnings
(loss) per share (“ EPS”) is calculated in accordance with ASC 260, Earnings per Share. Basic EPS is computed by dividing
the net income