MKH BERHAD | ANNUAL REPORT 2023 213 19. DEFERRED TAX ASSETS AND LIABILITIES (CONT’D) Deferred tax assets and deferred tax liabilities are attributable to the following: The Group 2023 2022 RM RM Deferred tax assets Deductible temporary differences arising from: Property, plant and equipment 917 (1,910) Property development costs 17,833,870 22,703,250 Receivables and deposits 514,213 732,248 Payables and accruals 5,503,280 6,045,030 Unused tax losses 376,300 1,994,940 24,228,580 31,473,558 The Group The Company 2023 2022 2023 2022 RM RM RM RM Deferred tax liabilities Taxable temporary differences arising from: Property, plant and equipment (5,217,310) (5,635,551) (166) (166) Investment properties (3,001,306) (3,000,006) - - Property development costs 602,708 602,708 - - Inventories (1,032,921) (2,312,560) - - Biological assets (1,370,906) (1,301,820) - - Receivables and deposits (467,500) (542,300) - - Provisions 4,132,602 3,455,268 - - Payables and accruals (886,900) (869,300) - - Surplus arising from revaluation of land and buildings (6,996,679) (6,517,998) (114,262) (114,262) Fair value adjustment in respect of investment properties (10,817,193) (10,901,693) - - Fair value adjustment in respect of subsidiaries acquired (26,198,688) (28,175,008) - - Unused tax losses 268,300 226,470 - - Unabsorbed capital allowances 768,700 943,803 - - Unutilized reinvestment allowances 170,600 176,500 - - (50,046,493) (53,851,487) (114,428) (114,428) The deferred tax assets and deferred tax liabilities are not available for set-off as they arise from different taxable entities within the Group. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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