24. DEFERRED TAX (CONTD.) Deferred tax assets have not been recognised in respect of the following items: Malaysian Companies Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Unutilised tax losses 237,828 208,383 22,271 23,715 Unabsorbed capital allowances 72,059 72,059 13,769 13,769 Others 19,317 19,317 32,874 19,664 329,204 299,759 68,914 57,148 Deferred tax benefit at 24%, if recognised 79,009 71,942 16,539 13,715 Deferred tax assets have not been recognised in respect of these items for certain subsidiary companies as it is not probable that taxable profits of the subsidiary companies would be available against which the unutilised tax losses, unabsorbed capital allowances and other deductible temporary differences could be utilised. The unabsorbed capital allowance of the Group are available indefinitely for offsetting against future taxable profits of the respective entities within the Group, subject to no substantial changes in shareholdings of those entities under the Income Tax, 1967 and guidelines issued by the tax authority. Effective from Year of Assessment 2019, unused tax losses are allowed to be carried forward for a maximum period of ten years. The details of the expiry of the Group’s and the Company’s unutilised tax losses are as follows: Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 – Expires in 2028 36,073 38,588 – – – Expires in 2029 35,060 35,901 22,271 23,715 – Expires in 2030 29,329 29,329 – – – Expires in 2031 45,214 45,214 – – – Expires in 2032 36,030 18,309 – – – Expires in 2033 23,320 41,041 – – – Expires in 2034 32,802 – – – 237,828 208,383 22,271 23,715 The foreign unutilised losses and unabsorbed capital allowances applicable to foreign incorporated subsidiary companies, if any, are pre-determined by and subject to the tax legislations of the respective countries. Notes to the Financial Statements For the year ended 31 December 2024 337 FINANCIAL STATEMENTS
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