187 ANNUAL REPORT 2023 MST GOLF GROUP BERHAD Registration No: 199301009307 (264044-M) 49 8. DEFERRED TAXATION Deferred tax as at 31 December relates to the following:- As at 1.1.2022 Recognised in profit or loss (Note 24) Exchange differences As at 31.12.2022 Recognised in profit or loss (Note 24) Exchange differences As at 31.12.2023 Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Deferred tax liabilities:- Property, plant and equipment 1,397 990 16 2,403 5 37 2,445 Right-of-use assets 2,744 344 - 3,088 815 - 3,903 Lease liabilities (3,130) (633) - (3,763) (954) - (4,717) Contract liabilities - (923) - (923) 769 - (154) 1,011 (222) 16 805 635 37 1,477 Deferred tax assets:- Property, plant and equipment 1 - - 1 5 2 8 Unabsorbed business losses - - - - (121) - (121) Lease liabilities - - - - (2) - (2) Contract liabilities (77) (143) - (220) 63 - (157) (76) (143) - (219) (55) 2 (272) 935 (365) 16 586 580 39 1,205
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