200 KIMLUN CORPORATION BERHAD • NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 28. Deferred tax (cont'd) Deferred tax liabilities Property, plant and equipment Others Total RM RM RM At 1 January 2024 (7,067,523) (1,660,525) (8,728,048) Recognised in profit or loss (7,495,710) 1,644,526 (5,851,184) Acquisition of subsidiary (912) - (912) At 31 December 2024 and 1 January 2025 (14,564,145) (15,999) (14,580,144) Recognised in profit or loss (2,434,279) 15,999 (2,418,280) At 31 December 2025 (16,998,424) - (16,998,424) Deferred tax assets have not been recognised in respect of the following items: 2025 2024 RM RM Unutilised tax losses - Expires in FY2028 2,620,000 2,131,000 - Expires in FY2029 110,000 110,000 - Expires in FY2030 478,000 171,000 - Expires in FY2031 954,000 230,000 - Expires in FY2032 2,021,000 105,000 - Expires in FY2033 653,000 789,000 - Expires in FY2034 3,218,000 273,000 - Expires in FY2035 3,766,000 - Unabsorbed capital allowances 810,000 645,000 Other temporary differences 5,954,000 11,427,000 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. Group - 80 -
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