119 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 CONT’D 17. INVESTMENTS IN JOINT VENTURES AND AN ASSOCIATE (Cont’d) (h) The reconciliation of movement in the impairment loss are as follows: Group 2022 2021 RM RM Investment in associate Balance as at 1 January 684,250 715,456 Reversal of impairment during the financial year - (31,206) Disposal during the year (684,250) - Balance as at 31 December - 684,250 18. DEFERRED TAX (a) The deferred tax assets and liabilities are made up of the following: Group Company 2022 2021 2022 2021 RM RM RM RM Balance as at 1 January 4,680,752 1,524,113 107,206 64,016 Recognised in profit or loss (Note 9) 704,125 3,087,126 (14,296) 43,190 Recognised in other comprehensive income (Note 9(d)) 353,365 - - - Exchange differences 47,161 69,513 - - Balance as at 31 December 5,785,403 4,680,752 92,910 107,206 Presented after appropriate offsetting: Deferred tax assets, net (2,100,405) (2,220,044) - - Deferred tax liabilities, net 7,885,808 6,900,796 92,910 107,206 5,785,403 4,680,752 92,910 107,206
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