200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 27. Deferred tax (cont'd) Deferred tax assets have not been recognised in respect of the following items: 2024 2023 RM RM Unutilised tax losses - Expires in FY2028 2,130,000 2,130,000 - Expires in FY2029 110,000 110,000 - Expires in FY2030 171,000 171,000 - Expires in FY2031 227,000 227,000 - Expires in FY2032 108,000 918,000 - Expires in FY2033 643,000 2,239,000 - Expires in FY2034 215,000 - Unabsorbed capital allowances 558,000 6,677,000 Other temporary differences 11,315,000 9,873,000 28. Share capital and treasury shares Share capital Share (Issued and capital fully paid, at Treasury (Issued and Treasury no par value) shares fully paid) shares Total Group/Company RM RM RM At 1 January 2023/ 31 December 2023/ 1 January 2024 353,378,716 20,000 255,944,359 (23,774) 255,920,585 Issuance of ordinary shares pursuant to: Conversion of warrants 4,000 - 9,040 - 9,040 At 31 December 2024 353,382,716 20,000 255,953,399 (23,774) 255,929,625 Group Number of ordinary shares |------------------------ Amount ---------------------------| Based on the current legislation, the unutilised tax losses up to the year of assessment 2018 can be carried forward until the year of assessment 2028 and the unutilised tax losses for 2019 onwards are allowed to be utilised for 10 consecutive years of assessment immediately following the relevant year of assessment. The unabsorbed capital allowances are allowed to be carried forward indefinitely. - 77 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 169 ANNUAL REPORT 2024
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