NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 FINANCIAL PERFORMANCE 210 8. DEFERRED TAXATION (CONT’D) Deferred tax assets of certain subsidiaries have not been recognised in respect of these items as it is not probable that taxable profit of the subsidiaries will be available against which the deductible temporary differences can be utilised. Effective Year of Assessment 2019, the unabsorbed business losses of the Group and of the Company as of 31 December 2018 and thereafter will be available for carry forward for a period of 10 consecutive years. Upon expiry of the 10 years, the unabsorbed business losses will be disregarded. The unabsorbed business losses of the Group are available for offsetting against future taxable profits of the respective subsidiaries within the Group, subject to no substantial change in shareholdings of those subsidiaries under the Income Tax Act, 1967 and guidance issued by the tax authority. The following unabsorbed business losses, including those recognised as deferred tax assets, are as follows:- Group 2025 2024 RM’000 RM’000 Year of Assessment 2029 77 77 Year of Assessment 2032 2,867 2,867 Year of Assessment 2033 5,724 1,417 Year of Assessment 2035 613 - 9,281 4,361 Material accounting policy information The amount of deferred tax recognised is measured based on the expected manner of realisation or settlement of the carrying amount of the asset and liabilities, using tax rates enacted or substantively enacted at the reporting date. 9. INVENTORIES Group 2025 2024 RM’000 RM’000 At cost Finished goods 131,753 165,754 Recognised in profit or loss:- Cost of inventories recognised as cost of sales during the year 187,965 229,071 Allowance for slow-moving inventories 963 2,437 Reversal for slow-moving inventories (922) (1,255) The allowance for slow-moving inventories are included in cost of sales. Material accounting policy information Inventories are measured at the lower of cost and net realisable value. The cost of inventories is calculated using the weighted average method.
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