200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 27. Deferred tax liabilities/(assets) Deferred tax liabilities/(assets) as at 31 December relate to the following: As at Recognised in As at Recognised in As at 1 January profit or loss 31 December profit or loss 31 December 2020 (Note 10) 2020 (Note 10) 2021 Group RM RM RM RM RM Deferred tax liabilities Property, plant and equipment 6,810,607 (191,692) 6,618,915 (1,729,416) 4,889,499 Others 1,293,987 (407,122) 886,865 (430,212) 456,653 8,104,594 (598,814) 7,505,780 (2,159,628) 5,346,152 Deferred tax assets Unutilised tax credits and unabsorbed capital allowance (1,265,110) (279,201) (1,544,311) (957,520) (2,501,831) Provision for defect liability costs and others (5,877,436) (737,139) (6,614,575) 906,709 (5,707,866) (7,142,546) (1,016,340) (8,158,886) (50,811) (8,209,697) 962,048 (1,615,154) (653,106) (2,210,439) (2,863,545) Deferred tax assets have not been recognised in respect of the following items: 2021 2020 RM RM Unutilised tax losses 4,587,000 2,815,000 Unabsorbed capital allowance 5,000 4,000 Other temporary differences 12,059,000 10,444,000 Group The unutilised tax losses are allowed to be utilised for 10 (2020: 7) consecutive years of assessment while unabsorbed capital allowances are allowed to be carried forward indefinitely and can be utilised against income from the same business source. - 85 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 K imlun Corporat ion Berhad Regi s t rat ion No. 200901023978 (867077-X) 145
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