7 FINANCIAL STATEMENTS 337 24. DEFERRED TAX (CONTD.) Deferred tax assets have not been recognised in respect of the following items: Malaysian Companies 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 Unutilised tax losses 460,637 247,456 21,668 21,668 Unabsorbed capital allowances 107,302 102,199 13,886 13,769 Others 35,096 2,525 9,225 3,831 603,035 352,180 44,779 39,268 Deferred tax benefit at 24%, if recognised 144,728 84,523 10,747 9,424 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: 2025 RM’000 2024 RM’000 2025 RM’000 2024 RM’000 - Expires in 2028 31,823 31,823 - - - Expires in 2029 42,690 42,690 21,668 21,668 - Expires in 2030 29,154 29,154 - - - Expires in 2031 44,518 44,518 - - - Expires in 2032 27,777 27,777 - - - Expires in 2033 49,125 49,125 - - - Expires in 2034 40,071 22,369 - - - Expires in 2035 195,479 - - - 460,637 247,456 21,668 21,668 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.
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