NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025 19. LAND HELD FOR PROPERTY DEVELOPMENT (CONT'D) Included in land held for property development are: (i) freehold land amounting to RM78,407,328 (2024: RM79,962,939) that has been pledged for term loan and revolving credit facilities granted to certain subsidiaries as disclosed in Note 33; (ii) leasehold land amounting to RM19,040,009 (2024: RM19,039,509) that has been charged for revolving credit facility granted to a subsidiary as disclosed in Note 33; (iii) the title of the freehold land amounting to RM5,620,016 (2024: RM19,241,720) that has been deposited with a financial institution for term loan facilities granted to a subsidiary as disclosed in Note 33; and (iv) freehold and leasehold land amounting to RM192,594,267 (2024: RM193,921,649) that represents entitlements of the landowners pursuant to joint land development agreements to undertake property development projects. The titles to the development land will be transferred directly from landowners to the property purchasers. 20. DEFERRED TAX ASSETS AND LIABILITIES The Group The Company 2025 2024 2025 2024 RM RM RM RM Deferred tax assets At beginning of year 18,293,598 24,228,580 - - Recognised in profit or loss (Note 8) (2,308,942) (5,934,982) - - At end of year 15,984,656 18,293,598 - - Deferred tax liabilities At beginning of year (44,433,818) (50,046,493) (114,428) (114,428) Recognised in profit or loss (Note 8) 263,822 5,501,527 - - Transfer to liabilities for disposal group classified as held for sale (Note 9) 2,686,555 - - - Recognised in other comprehensive income (Note 8) (3,196,227) (239,304) (38,791) - Effect of movements in exchange rate 100,851 350,452 - - At end of year (44,578,817) (44,433,818) (153,219) (114,428) 6 Financial Insights Through Numbers 1 3 5 2 4 7 PG | 245 ANNUAL REPORT 2025 MKH BERHAD
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