5. Other income Group Fund 2024 2023 2024 2023 RM RM RM RM Timing of revenue recognition: At a point in time Parking income 6,554,789 4,299,815 6,554,789 4,299,815 Event and advertising income 3,397,012 2,515,951 3,397,012 2,515,951 9,951,801 6,815,766 9,951,801 6,815,766 The sales of the company are made within Malaysia. 6. Investment income Group Fund 2024 2023 2024 2023 RM RM RM RM Income from Islamic deposit placements 897,996 935,781 897,996 935,781 7. Tax expense Group Fund 2024 2023 2024 2023 RM RM RM RM Deferred tax relating to the origination and reversal of temporary differences (Note 15) 247,559 181,565 247,559 181,565 Pursuant to Section 61A of the Malaysian Income Tax Act, 1967 (“Act”), income of the Fund will be exempted from tax provided that at least 90% of its total taxable income (as defined in the Act) is distributed to the unitholders’ in the basis period of the Fund for that year of assessment within two months after the close of the financial year. If the 90% distribution condition is not complied with or the 90% distribution is not made within two months after the close of the financial year which forms the basis period for a year of assessment, the Fund will be subject to income tax at the prevailing statutory rate on its total taxable income. Income which has been taxed at the Fund’s level will have tax credits attached when subsequently distributed to unitholders. As at the date of this financial statements, the Fund has declared more than 90% of its distributable income to unitholders for the financial year ended 31 December 2024 accordingly. No provision for income tax expense has been made for the year. Notes to the Financial Statements - 31 December 2024 1 ABOUT US 211 3 SUSTAINABILITY STATEMENT 6 FINANCIAL STATEMENTS 2 BUSINESS OVERVIEW 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION
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