23. CONTRACT RELATED ASSETS AND LIABILITIES (CONTD.) (b) Contract fulfillment asset Group 2024 RM’000 2023 RM’000 As at 1 January 590 2,777 Utilised during the year (590) (2,187) As at 31 December – 590 These costs relate to direct cost incurred to generate or enhance resources used in satisfying the contracts with customers and amortised on a straight-line basis over the period of the respective contracts. The cost has been fully amortised in the current year. In the previous financial year, amortisation period for these costs were between 4 to 5 years. 24. DEFERRED TAX Group 2024 RM’000 2023 RM’000 At 1 January 17,933 34,615 Recognised in statement of comprehensive income (Note 10) (1,321) (17,465) Acquisition of subsidiaries (Note 44(a)) 1,495 – Exchange differences (486) 783 At 31 December 17,621 17,933 Presented after appropriate offsetting as follows: Deferred tax assets (19,592) (23,110) Deferred tax liabilities 37,213 41,043 17,621 17,933 Notes to the Financial Statements For the year ended 31 December 2024 335 FINANCIAL STATEMENTS
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