NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 120 - 31. Deferred Taxation (Cont’d) 2021 2020 RM RM Company Deferred tax liabilities Accelerated capital allowances At 1 January 33,611 - Recognised in profit or loss (2,705) 33,611 At 31 December 30,906 33,611 Deferred tax liabilities Unabsorbed capital allowances At 1 January (33,611) - Recognised in profit or loss 2,705 (33,611) At 31 December (30,906) (33,611) Deferred tax assets have not been recognised in respect of the following items: 2021 2020 2021 2020 RM RM RM RM Unutilised tax losses 133,068,734 134,004,723 23,175,909 14,248,788 Unabsorbed capital allowances 13,546,710 13,074,335 326,314 251,710 Other deductible temporary differences 21,863,500 24,912,018 - - 168,478,944 171,991,076 23,502,223 14,500,498 Group Company Deferred tax assets have not been recognised in respect of these items as they may not have sufficient taxable profits to be used to offset or they have arisen in subsidiary companies that have a recent history of losses. 197 ANNUAL REPORT 2021 • DESTINI BERHAD
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