NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 118 - 30. Taxation (Cont’d) Pursuant to an amendment to Section 44(5F) of the Income Tax Act 1967, effective from year of assessment 2019 onwards, the unutilised tax losses can be carried forward for a maximum period of ten consecutive years of assessment. The unutilised tax losses accumulated up to year of assessment 2018 can be carried forward for another ten consecutive years of assessment until year of assessment 2028. The other temporary differences do not expire under current tax legislation. 2021 2020 2021 2020 RM RM RM RM Unutilised losses to be carried forward until: - Year of assessment 2028 6,503,392 9,492,580 - - - Year of assessment 2029 68,432,766 68,432,766 7,107,084 7,107,084 - Year of assessment 2030 55,850,701 55,850,701 7,141,704 7,141,704 - Year of assessment 2031 10,108,023 10,108,023 8,927,121 - 140,894,882 143,884,070 23,175,909 14,248,788 Group Company 31. Deferred Taxation 2021 2020 2021 2020 RM RM RM RM At 1 January - 2,827,745 - - Recognised in profit or loss (Note 30) - (2,827,745) - - At 31 December - - - - Group Company The net deferred tax liabilities and assets shown on the statements of financial position after appropriate offsetting are as follows: 2021 2020 2021 2020 RM RM RM RM Deferred tax liabilities 2,007,738 3,573,481 30,906 33,611 Deferred tax assets (2,007,738) (3,573,481) (30,906) (33,611) - - - - Group Company 195 ANNUAL REPORT 2021 • DESTINI BERHAD
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