ANNUAL REPORT 2025 199 NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 27. Provisions 2025 2024 RM RM Defect liability costs At 1 January 15,000,000 9,980,000 Addition during the year (Note 6) 8,044,216 5,020,000 At 31 December 23,044,216 15,000,000 28. Deferred tax 2025 2024 RM RM At 1 January 5,277,576 15,599,191 Recognised in profit or loss (Note 9) 4,349,081 (10,537,821) Acquisition of subsidiary - 216,206 At 31 December 9,626,657 5,277,576 Presented after appropriate offsetting as follows: Deferred tax assets 17,559,757 12,533,764 Deferred tax liabilities (7,933,100) (7,256,188) 9,626,657 5,277,576 Deferred tax assets Unabsorbed tax losses and Provisions unabsorbed for defect capital liability costs allowances and others Total RM RM RM At 1 January 2024 9,529,960 14,797,279 24,327,239 Recognised in profit or loss (2,651,439) (2,035,198) (4,686,637) Acquisition of subsidiary - 217,118 217,118 At 31 December 2024 and 1 January 2025 6,878,521 12,979,199 19,857,720 Recognised in profit or loss (6,624,819) 13,392,180 6,767,361 At 31 December 2025 253,702 26,371,379 26,625,081 Group The components and movements of deferred tax assets/(liabilities) during the financial year prior to offsetting are as follows: Group This amount represents estimated rectification costs expected to be incurred during the defect liability period of construction contracts. - 79 -
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