24. DEFERRED TAX Group 2022 RM’000 2021 RM’000 At 1 January 39,251 35,166 Recognised in statement of comprehensive income (Note 10) (5,272) 3,951 Exchange differences 636 134 At 31 December 34,615 39,251 Presented after appropriate offsetting as follows: Deferred tax assets (12,513) (8,141) Deferred tax liabilities 47,128 47,392 34,615 39,251 The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are as follows: Deferred tax assets of the Group: Provisions and others RM’000 Unused tax losses and other tax credits RM’000 Total RM’000 At 1 January 2022 (9,119) (8,830) (17,949) Recognised in profit or loss (1,732) (16,419) (18,152) Exchange differences (38) – (38) (10,889) (25,249) (36,138) Less: Set off with deferred tax liabilities 4,419 19,206 23,625 At 31 December 2022 (6,470) (6,043) (12,513) At 1 January 2021 (16,767) (1,900) (18,667) Recognised in profit or loss 7,717 (6,930) 787 Exchange differences (69) – (69) (9,119) (8,830) (17,949) Less: Set off with deferred tax liabilities 5,002 4,806 9,808 At 31 December 2021 (4,117) (4,024) (8,141) 24. DEFERRED TAX (CONTD.) The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are as follows: (contd.) Deferred tax liabilities of the Group: Property, plant and equipment RM’000 Intangible assets RM’000 Concession receivable and others RM’000 Total RM’000 At 1 January 2022 5,615 22,256 29,329 57,200 Recognised in profit or loss 18,760 (5,810) (71) 12,880 Exchange differences 93 581 – 674 24,468 17,027 29,258 70,753 Less: Set off with deferred tax assets (19,602) – (4,023) (23,625) At 31 December 2022 4,866 17,027 25,235 47,128 At 1 January 2021 1,650 24,950 27,233 53,833 Recognised in profit or loss 3,965 (2,897) 2,096 3,164 Exchange differences – 203 – 203 5,615 22,256 29,329 57,200 Less: Set off with deferred tax assets (1,527) – (8,281) (9,808) At 31 December 2021 4,088 22,256 21,048 47,392 The Group offsets tax assets and liabilities if and only if it has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same tax authority. Deferred tax assets have not been recognised in respect of the following items: Malaysian Companies Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Unutilised tax losses 174,820 163,480 23,715 23,715 Unabsorbed capital allowances 19,620 20,747 12,382 12,382 Others 38,546 55,598 15,185 33,772 232,986 239,825 51,282 69,868 Deferred tax benefit at 24%, if recognised 55,917 57,558 12,308 16,768 Deferred tax assets have not been recognised in respect of these items for certain subsidiary companies as it is not probable that taxable profits of the subsidiary companies would be available against which the unutilised tax losses, unabsorbed capital allowances and other deductible temporary differences could be utilised. p.336 p.337 UEM EDGENTA BERHAD INTEGRATED ANNUAL REPORT 2022 1 2 3 4 5 6 7 8 9 FINANCIAL STATEMENTS Notes to the financial statements For the year ended 31 December 2022 Notes to the financial statements For the year ended 31 December 2022
RkJQdWJsaXNoZXIy NDgzMzc=