NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 119 - 31. Taxation (Cont’d) A reconciliation of income tax expense/(credit) applicable to loss before tax at the statutory income tax rate to income tax expense/(credit) at the effective income tax rate of the Group and of the Company is as follows: 1.7.2024 1.1.2023 1.7.2024 1.1.2023 to to to to 30.6.2025 30.6.2024 30.6.2025 30.6.2024 (12 months) (18 months) (12 months) (18 months) RM RM RM RM Profit/(Loss) before tax 37,795,488 (133,177,676) 3,036,167 (251,239,091) Taxation at statutory tax rate of 24% 9,070,917 (31,962,642) 728,680 (60,297,382) Effects of tax rates in other countries (5,751) 2,862,775 - - Income not subject to tax (6,258,097) (5,791,201) (4,672,286) - Expenses not deductible for tax purposes 5,385,914 16,133,633 4,308,557 52,180,441 Utilisation of previously unrecognised deferred tax assets (600,111) (14,034) - - Deferred tax assets not recognised 414,483 20,024,326 971 8,116,941 Over provision of deferred tax in prior period (714,098) (185,316) - - Under provision of income tax expense in prior period (714,098) 2,981,055 - - Witholding tax expenses 37,738 - 37,738 - 6,616,897 4,048,596 403,660 - Group Company 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. 30.6.2025 30.6.2024 30.6.2025 30.6.2024 RM RM RM RM Unutilised tax losses 265,452,172 300,441,276 209,353,791 208,868,816 Unabsorbed capital allowances 3,712,486 3,875,735 - 548,266 269,164,658 304,317,011 209,353,791 209,417,082 Group Company DESTINI BERHAD ANNUAL REPORT 2025 202
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