24. DEFERRED TAX (CONTD.) The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are as follows: Deferred tax assets of the Group: Provisions and others RM’000 Unused tax losses and other tax credits RM’000 Total RM’000 At 1 January 2024 (12,068) (38,379) (50,447) Recognised in profit or loss 225 12,288 12,513 Exchange differences 134 91 225 (11,709) (26,000) (37,709) Less: Set off with deferred tax liabilities 1,565 16,552 18,117 At 31 December 2024 (10,144) (9,448) (19,592) At 1 January 2023 (10,889) (25,249) (36,138) Recognised in profit or loss (1,215) (13,130) (14,345) Exchange differences 36 – 36 (12,068) (38,379) (50,447) Less: Set off with deferred tax liabilities 1,571 25,766 27,337 At 31 December 2023 (10,497) (12,613) (23,110) Deferred tax liabilities of the Group: Property, plant and equipment RM’000 Intangible assets RM’000 Concession receivable and others RM’000 Total RM’000 At 1 January 2024 23,789 14,180 30,411 68,380 Acquisition of subsidiaries (Note 44(a)) - 1,495 - 1,495 Recognised in profit or loss (4,390) (3,948) (5,496) (13,834) Exchange differences (251) (460) – (711) 19,148 11,267 24,915 55,330 Less: Set off with deferred tax assets (18,117) – – (18,117) At 31 December 2024 1,031 11,267 24,915 37,213 At 1 January 2023 24,468 17,027 29,258 70,753 Recognised in profit or loss (738) (3,535) 1,153 (3,120) Exchange differences 59 688 – 747 23,789 14,180 30,411 68,380 Less: Set off with deferred tax assets (18,339) – (8,998) (27,337) At 31 December 2023 5,450 14,180 21,413 41,043 The Group offsets tax assets and liabilities if and only if it has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same tax authority. Notes to the Financial Statements For the year ended 31 December 2024 UEM EDGENTA BERHAD 336 Integrated Annual Report 2024
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