KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED SHAREHOLDERS’ INFORMATION NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 FINANCIAL STATEMENTS ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 243 242 19. DEFERRED TAXATION Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 At 1 January 25,444 25,120 6,807 12,966 Disposal of a subsidiary - (40) - - Recognised in profit or loss (Note 41) 6,942 2,957 3,847 (3,566) Recognised in other comprehensive income 515 (2,593) 515 (2,593) At 31 December 32,901 25,444 11,169 6,807 Deferred tax assets and liabilities on the statements of financial position are as follows: Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Deferred tax assets 32,949 25,500 11,169 6,807 Deferred tax liabilities (48) (56) - - 32,901 25,444 11,169 6,807 Deferred tax assets and liabilities prior to offsetting are summarised as follows: Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Deferred tax assets 44,572 39,173 20,457 18,914 Deferred tax liabilities (11,671) (13,729) (9,288) (12,107) 32,901 25,444 11,169 6,807 19. DEFERRED TAXATION (CONT’D.) The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are as follows: Deferred tax liabilities of the Group: Fair value reserve RM’000 Excess of capital allowances over depreciation RM’000 Intangible assets/ Right-of-use assets RM’000 Total RM’000 At 1 January 2024 (287) (7,401) (6,041) (13,729) Recognised in profit or loss - 1,235 536 1,771 Recognised in other comprehensive income 287 - - 287 At 31 December 2024 - (6,166) (5,505) (11,671) At 1 January 2023 - (6,646) (4,925) (11,571) Disposal of a subsidiary - (2) - (2) Recognised in profit or loss - (753) (1,116) (1,869) Recognised in other comprehensive income (287) - - (287) At 31 December 2023 (287) (7,401) (6,041) (13,729) Deferred tax assets of the Group: Fair value reserve RM’000 Impairment allowance and provisions RM’000 Unabsorbed capital allowances and tax losses RM’000 Intangible assets/ Lease liabilities RM’000 Total RM’000 At 1 January 2024 - 27,490 4,238 7,445 39,173 Recognised in profit or loss - 4,754 (2,033) 2,450 5,171 Recognised in other comprehensive income 228 - - - 228 At 31 December 2024 228 32,244 2,205 9,895 44,572
RkJQdWJsaXNoZXIy NDgzMzc=