130 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 CONT’D 18. DEFERRED TAX (Cont’d) (c) The amounts of temporary differences for which no deferred tax assets have been recognised in the statements of financial position are as follows: Group Company 2021 2020 2021 2020 RM RM RM RM Unused tax losses, expiring on 31 December 2025 - 21,684,354 - 3,288,294 Unused tax losses, expiring on 31 December 2026 - 6,270,568 - 2,270,022 Unused tax losses, expiring on 31 December 2027 - 2,270,022 - - Unused tax losses, expiring on 31 December 2028 16,667,533 - - - Unused tax losses, expiring on 31 December 2029 5,824,406 - 3,288,294 - Unused tax losses, expiring on 31 December 2030 2,270,022 - 2,270,022 - Unused tax losses, expiring on 31 December 2031 2,750,536 - 209,047 - Unabsorbed capital allowances 4,547,779 3,334,321 2,822,480 2,181,387 Other deductible temporary differences 541,888 (38,810) 674,674 239,772 32,602,164 33,520,455 9,264,517 7,979,475 Deferred tax assets of certain subsidiaries and of the Company have not been recognised in respect of these items as it is not probable that taxable profits of the subsidiaries and of the Company would be available against which the deductible temporary differences could be utilised. In the previous financial year, for the Malaysian entities, the unused tax losses up to the year of assessment 2018 shall be deductible until year of assessment of 2025. The unused tax losses of the year of assessment 2019 onwards will expire in 7 years. From the current financial year onwards, for the Malaysian entities, the unused tax losses up to the year of assessment 2019 shall be deductible until year of assessment of 2029. The unused tax losses of the year of assessment 2020 onwards will expire in 10 years. The amount and availability of these items to be carried forward up to the periods as disclosed above are subject to the agreement of the respective local tax authorities.
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