Notes to the Financial Statements for the Financial Year Ended 30 September 2024 Sustaining Lives, Empowering Communities Governance That Inspires Confidence Financial Insights Through Numbers Empowering Ownership PG. 209 8. TAX EXPENSE (CONT’D) As mentioned in Note 3, the tax effects of deductible temporary differences, unused tax losses and unused tax credits which would give rise to net deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which the deductible temporary differences, unused tax losses and unused tax credits can be utilised. As at 30 September 2024, the estimated amount of deductible temporary differences, unused tax losses and unused tax credits, for which the net deferred tax assets are not recognised in the financial statements due to uncertainty of realisation, are as follows: The Group 2024 2023 RM RM Unused tax losses 73,011,615 48,941,948 Unabsorbed capital allowances 94,374 93,607 Other temporary differences 266,792,439 264,371,631 339,898,428 313,407,186 Business loss and expiry date of the Group, which no deferred tax asset has been recognised, are as follows: Business loss incurred in year of assessment 2024 RM Carried forward up to YA Unutilised amount will be disregarded in YA 2018 16,669,530 2028 2029 2019 8,327,650 2029 2030 2020 3,584,436 2030 2031 2021 5,460,357 2031 2032 2022 3,129,949 2032 2033 2023 7,096,565 2033 2034 2024 22,039,828 2034 2035 66,308,315
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