06 Annual Report 2022 PT Sawit Prima Sakti achieved Indonesia Sustainable Palm Oil certification 2017 PT Maju Kalimantan Hadapan achieved Indonesian Sustainable Palm Oil certification 2014 Metro Kajang Trading Sdn Bhd rebranded: MKH Building Materials Sdn Bhd 2011 Metro Kajang Holdings Berhad rebranded: MKH Berhad 2008 Established oil palm plantation sector Acquired PT Maju Kalimantan Hadapan 1995 Srijang Bena Sdn Bhd rebranded: Metro Kajang Holdings Berhad Officially listed on Bursa Malaysia as “MKH” under stock code “6114” 2007 Built second shopping complex in Kajang: Metro Point Complex 2000 Established Furniture Manufacturing Division in China: Vast Furniture Manufacturing (Kunshan) Co. Ltd 1994 Established property investment sector Bulit first shopping complex in Kajang: Plaza Metro Kajang 1993 Built first joint venture development with Selangor state government: Bandar Teknologi Kajang Built first high-rise development in Kajang 1983 Established building materials trading division: Metro Kajang Trading Sdn Bhd 1979 Established as private limited company: Srijang Bena Sdn Bhd Built first landed residential development: Taman Bukit Indah 2020 PT Maju Kalimantan Hadapan received Gold Award for Best Foreign Owned Company 170 DEFERRED TAX ASSETS AND LIABILITIES (CONT’D) 19. Notes to the Financial Statements For the Financial Year Ended 30 September 2022 2022 RM The Company 2021 RM 2021 RM 2022 RM The Group Taxable temporary differences arising from: Deferred tax liabilities Property, plant and equipment I vestment properties (10,249,694) (166) (166) (5,635,551) (2,999,506) - - (3,000,006) Property development costs Inventories 4,317,708 - - 602,708 - - - (2,312,560) Biological assets Receivables and deposits - - - (1,301,820) (594,300) - - (542,300) Unused tax losses 170,400 - - 226,470 Unabsorbed capital allowances Unutilised reinvestment allowances 943,500 - - 943,803 292,100 - - 176,500 Provisions Payables and accruals 3,346,368 - - 3,455,268 (846,900) - - (869,300) Surplus arising from revaluation of land and buildings (6,828,515) (114,262) (114,262) (6,517,998) Fair value adjustment in respect of investment properties (10,658,193) - - (10,901,693) Fair value adjustment in respect of subsidiaries acquired (33,015,628) - - (28,175,008) (56,122,660) (114,428) (114,428) (53,851,487) - Deferred tax assets and deferred tax liabilities are attributable to the following: The deferred tax assets and deferred tax liabilities are not available for set-off as they arise from different taxable entities within the Group. 2022 RM 2021 RM The Group Deferred tax assets Deductible temporary differences arising from: Inventories Property, plant and equipment 767,225 (1,910) 35,550,916 31,473,558 69,500 - Property development costs Receivables and deposits 23,819,389 22,703,250 94,552 732,248 Payables and accruals 6,106,000 6,045,030 Unused tax losses Unabsorbed capital allowance 4,683,820 1,994,940 10,430 -
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