FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 103 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 16. DEFERRED TAX ASSETS/LIABILITIES The Group 2024 2023 RM RM Deferred tax assets At 1 January 1,344,363 1,447,198 Transfer to/(from) pro t or loss (Note 9) 340,439 (5,398) Transfer to other comprehensive expenses - (148,994) Foreign currency translation differences (131,632) 51,557 At 31 December 1,553,170 1,344,363 Deferred tax liabilities At 1 January 911,647 1,141,550 Transfer to/(from) pro t or loss (Note 9) 655,975 (144,883) Transfer to/(from) other comprehensive expenses 57,953 (117,230) Foreign currency translation differences (84,487) 32,210 At 31 December 1,541,088 911,647 The net deferred tax assets is in respect of the tax effects of the following: The Group Deferred Tax (Assets)/ Liabilities 2024 2023 RM RM Temporary differences arising from property, plant and equipment 524,230 237,706 Others (536,312) (670,422) (12,082) (432,716) As of 31 December 2024, the estimated amount of net deferred tax asset, calculated at the current tax rate which has not been recognised in the nancial statements of the Group due to uncertainty of its realisation, is as follows: The Group Deferred Tax Assets 2024 2023* RM RM Temporary differences arising from property, plant and equipment 30,021 334,817 * The comparative gure has been restated to re ect the revised temporary differences available to the Group.
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