NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 36. TAXATION (CONT’D) The Group and the Company have unutilised business losses and unabsorbed capital allowances for carry forward to offset future taxable profits as follows: Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Unutilised business losses 119,349 76,880 73,936 32,141 Unabsorbed capital allowances 67,262 43,677 30,094 18,137 186,611 120,557 104,030 50,278 Based on the current legislation, any unutilised business losses shall be carried forward for a maximum period of ten consecutive years of assessment immediately following that year of assessment, whereas the unabsorbed capital allowances are allowed to be carried forward indefinitely. Unrecognised deferred tax assets Deferred tax assets (stated at gross) have not been recognised in respect of the following items: Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Unutilised business losses 119,349 76,880 73,936 32,141 Unabsorbed capital allowances 67,262 43,677 30,094 18,137 Property, plant and equipment (10,451) 8,908 - - Other provisions (4,026) (4,319) - - 172,134 125,146 104,030 50,278 Deferred tax assets have not been recognised in respect of these items as they may not have sufficient taxable profits to be used to offset or they have arisen in subsidiaries that have a recent history of losses. 37. STAFF COSTS Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Salaries, fees and other emoluments 88,480 98,368 10,539 11,214 Defined contribution plans 10,150 11,035 847 1,286 98,630 109,403 11,386 12,500 236 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) O (CO )
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