98 EXCEL FORCE MSC BERHAD Notes to the Financial Statements (Cont’d) 21. Deferred Tax Liabilities (Cont’d) In accordance with the provision of Finance Act 2018, the unutilised tax losses could be carried forward for a maximum of seven consecutive years of assessment. Any balance of the unutilised tax losses at the end of the seventh year shall be disregarded. The Finance Act 2021 stated that the time frame to carry forward unutilised tax losses for year of assessment 2019 and subsequent years of assessment be extended from seven to ten consecutive years of assessment. The other temporary differences do not expire under current tax legislation. 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 subsidiary companies that have a recent history of losses. 22. Trade Payables The normal trade credit term granted to the Group and to the Company range from 30 to 90 days (31.12.2021: 30 to 90 days and 1.1.2021: 30 to 90 days) depending on the terms of the contracts. 23. Other Payables Group Company 30.6.2023 31.12.2021 1.1.2021 30.6.2023 31.12.2021 1.1.2021 Note RM RM RM RM RM RM Other payables 63,140 71,021 101,085 60,029 70,156 97,931 Accruals 1,103,927 2,375,767 2,731,804 1,056,017 2,268,442 2,634,539 Deposits received 78,340 78,340 821,138 78,340 78,340 821,138 Provision of loss claim (a) 1,600,000 1,600,000 1,000,000 1,600,000 1,600,000 1,000,000 Service tax payables 415,428 546,815 727,961 382,077 526,723 694,058 3,260,835 4,671,943 5,381,988 3,176,463 4,543,661 5,247,666 (a) Provision of loss claim Provision of loss claim represents potential loss claim compensation of RM1,600,000 (31.12.2021: RM1,600,000 and 1.1.2021: RM1,000,000) to 2 customers (31.12.2021: 2 customers and 1.1.2021: 1 customer) for the disruption of services to the customers. Movements of provision of loss claim is as follow: Group and Company 30.6.2023 31.12.2021 1.1.2021 RM RM RM At 1 January 1,600,000 1,000,000 - Current year provision - 600,000 1,000,000 At 30 June/31 December 1,600,000 1,600,000 1,000,000
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