Annual Report 2022 145 ABOUT US LEADERSHIP PERSPECTIVE SUSTAINABILITY GOVERNANCE FINANCIAL STATEMENTS Other Information Notes to the Financial Statements for the Financial Year Ended 31 March 2022 (Cont’d) 26. LEASE LIABILITIES Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 At 1 April 2021/2020 912 4,755 236 317 Interest expenses recognised in profit or loss (Note 36) 55 284 4 12 Repayment of principal (912) (3,843) (236) (81) Repayment of interest expenses (55) (284) (4) (12) At 31 March 2022/2021 - 912 - 236 Analysed by:- Current liabilities - 757 - 81 Non-current liabilities - 155 - 155 - 912 - 236 In the previous financial year, the lease liabilities of the Group and of the Company were secured by the Group’s and the Company’s motor vehicles and machineries under the lease arrangements as disclosed in Note 6(a)(ii) to the financial statements. These lease arrangements shall expire from 1 to 3 years with effective interest rates ranging from 4.33% to 10.72% per annum and ranging from 4.33% to 4.55% per annum respectively. The interest rates were fixed at the inception of the lease arrangements. 27. DEFERRED TAX LIABILITIES Group 2022 2021 RM’000 RM’000 At 1 April 2021/2020 4,007 2,294 Recognised in profit or loss (Note 38) 327 1,713 At 31 March 2022/2021 4,334 4,007 The deferred tax liabilities recognised in the financial statements consist of the tax effects of temporary differences arising from the following item:- Group 2022 2021 RM’000 RM’000 Deferred Tax Liabilities Accelerated capital allowances 4,334 4,007 The Group has not recognised the deferred tax liability of the following item as the directors are of the opinion that the deferred tax liability will not crystallise in a wholly-owned subsidiary, DSSSB, which was granted Multimedia Super Corridor status which qualifies for Pioneer Status incentive under the Promotion of Investments Act, 1986.
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