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 245 244 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 (cont’d.): 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 2023 2,306 22,518 7,178 4,689 36,691 Disposal of a subsidiary - (38) - - (38) Recognised in profit or loss - 5,010 (2,940) 2,756 4,826 Recognised in other comprehensive income (2,306) - - - (2,306) At 31 December 2023 - 27,490 4,238 7,445 39,173 Deferred tax liabilities of the Bank: Fair value reserve RM’000 Excess of capital allowances over depreciation RM’000 Right-of-use assets RM’000 Total RM’000 At 1 January 2024 (439) (6,809) (4,859) (12,107) Recognised in profit or loss - 1,515 865 2,380 Recognised in other comprehensive income 439 - - 439 At 31 December 2024 - (5,294) (3,994) (9,288) At 1 January 2023 - (6,454) (4,930) (11,384) Recognised in profit or loss - (355) 71 (284) Recognised in other comprehensive income (439) - - (439) At 31 December 2023 (439) (6,809) (4,859) (12,107) 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 (cont’d.): Deferred tax assets of the Bank: Fair value reserve RM’000 Unabsorbed capital allowances and tax losses RM’000 Impairment allowance and provisions RM’000 Lease liabilities RM’000 Total RM’000 At 1 January 2024 - 2,285 10,783 5,846 18,914 Recognised in profit or loss - (2,285) 1,269 2,483 1,467 Recognised in other comprehensive income 76 - - - 76 At 31 December 2024 76 - 12,052 8,329 20,457 At 1 January 2023 2,154 7,205 9,379 5,612 24,350 Recognised in profit or loss - (4,920) 1,404 234 (3,282) Recognised in other comprehensive income (2,154) - - - (2,154) At 31 December 2023 - 2,285 10,783 5,846 18,914 Deferred tax assets have not been recognised in respect of the following items: Group 2024 RM’000 2023 RM’000 Unutilised tax losses carried forward 23,286 19,565 Unutilised capital allowances carried forward 2,727 2,573 26,013 22,138
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