NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 121 - 32. Taxation (Cont’d) The Group and the Company have the following unutilised tax losses and unabsorbed capital allowances available to carry forward to offset against future taxable profits. The said amounts are subjected to approval by the tax authorities. 30.6.2024 31.12.2022 30.6.2024 31.12.2022 RM RM RM RM Unutilised tax losses 300,441,276 220,484,603 208,868,816 175,130,242 Unabsorbed capital allowances 3,875,735 1,137,717 548,266 500,581 304,317,011 221,622,320 209,417,082 175,630,823 Group Company 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. 30.6.2024 31.12.2022 30.6.2024 31.12.2022 RM RM RM RM Unutilised losses to be carried forward until: - Year of assessment 2028 7,692,037 7,692,037 - - - Year of assessment 2029 11,580,878 11,580,878 7,107,084 7,107,084 - Year of assessment 2030 27,190,879 27,190,879 7,141,704 7,141,704 - Year of assessment 2031 9,743,806 9,743,806 8,927,121 8,927,121 - Year of assessment 2032 53,598,706 164,277,003 151,954,333 151,954,333 - Year of assessment 2034 190,634,970 - 33,738,574 - 300,441,276 220,484,603 208,868,816 175,130,242 Group Company 198 DESTINI BERHAD ANNUAL REPORT 2024
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