12. INCOME TAX EXPENSE (CONT’D.) The following are deferred tax assets which have not been recognised by the Group as they have arisen in companies that have a recent history of losses or in companies where future taxable profit may be insufficient to trigger the utilisation of these items. Group 2025 RM’000 2024 RM’000 Unused tax losses 303,450 247,561 Unabsorbed capital allowances 112,886 102,372 Unused investment tax allowances 144,996 144,996 Other deductible temporary differences 417,795 341,006 979,127 835,935 Tax losses for which the tax effects have not been recognised in the financial statements: Group 2025 RM’000 2024 RM’000 Unused tax losses: - Expiring in 2028 110 110 - Expiring in 2029 29,731 29,731 - Expiring in 2030 29,469 29,469 - Expiring in 2031 44,971 44,971 - Expiring in 2032 50,330 50,330 - Expiring in 2033 40,988 40,988 - Expiring in 2034 51,962 51,962 - Expiring in 2035 55,889 - 303,450 247,561 Based on the Malaysia Finance Act 2021, gazetted on 31 December 2021, the time limit for the carry forward of the unutilised tax losses has been extended from 7 years to 10 years. As a result of this change, the unutilised tax losses accumulated up to the year of assessment 2018 are allowed to be carried forward for 10 consecutive years of assessment. Any balance of the unutilised tax losses thereafter shall be disregarded. Deferred tax assets have not been recognised in respect of unabsorbed capital allowances and unused tax losses because it is probable that the future taxable profit of certain loss-making subsidiaries would not be available against which the tax losses and unabsorbed capital allowances can be utilised. 287
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