MATRIX INTEGRATED ANNUAL REPORT 2023

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 34. INCOME TAX EXPENSE (CONT’D) Subject to agreement with the tax authorities, at the end of the reporting year, the unused tax losses, unabsorbed capital allowances and unabsorbed industrial building allowances of the Group are as follows:- THE GROUP 2023 RM’000 2022 RM’000 Unused tax losses: - expires year of assessment 2028 23,117 27,551 - expires year of assessment 2029 15,374 15,374 - expires year of assessment 2030 7,032 7,032 - expires year of assessment 2031 15,433 20,153 - expires year of assessment 2032 11,466 12,949 - expires year of assessment 2033 27,998 - 100,420 83,059 Unabsorbed capital allowances 20,681 12,767 Unabsorbed industrial building allowances 46,553 40,636 167,654 136,462 At the end of the reporting period, the amounts of deferred tax assets not recognised (stated at gross) due to uncertainty of their realisation are as follows:- THE GROUP 2023 RM’000 2022 RM’000 Unused tax losses: - expires year of assessment 2028 953 983 - expires year of assessment 2029 18 18 - expires year of assessment 2030 7,032 7,032 - expires year of assessment 2031 15,433 20,153 - expires year of assessment 2032 11,466 12,949 - expires year of assessment 2033 7,601 - 42,503 41,135 Unabsorbed capital allowances 16,303 9,593 Unabsorbed industrial building allowances 4,412 3,069 Others deductible temporarily differences 98,415 99,568 161,633 153,365 INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 208 FINANCIAL STATEMENTS

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