EXCEL FORCE MSC BERHAD 95 Notes to the Financial Statements (Cont’d) 20. Lease Liabilities Group and Company 30.6.2023 31.12.2021 1.1.2021 RM RM RM Non-current 104,268 327,067 672,117 Current 527,943 345,050 333,200 632,211 672,117 1,005,317 The maturity analysis of lease liabilities at the end of the reporting period: Group and Company 30.6.2023 31.12.2021 1.1.2021 RM RM RM Within one year 539,741 363,074 363,074 Later than one year and not later than two years 105,640 332,818 363,074 Later than two years and not later than five years - - 332,819 645,381 695,892 1,058,967 Less: Future finance charges (13,170) (23,775) (53,650) Present value of lease liabilities 632,211 672,117 1,005,317 The Group leases buildings and computer equipment. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The weighted average incremental borrowing rate applied to lease liabilities at the reporting date was 3.6% (31.12.2021: 3.5% and 1.1.2021: 3.5%). 21. Deferred Tax Liabilities Group Company 30.6.2023 31.12.2021 30.6.2023 31.12.2021 RM RM RM RM (Restated) (Restated) At 1 January 1,966,188 2,107,064 1,890,150 2,107,064 Recognised in profit or loss 396,204 (140,876) 391,261 (216,914) At 30 June/31 December 2,362,392 1,966,188 2,281,411 1,890,150 The net deferred tax assets and liabilities shown on the statements of financial position after appropriate offsetting are as follows: Group 30.6.2023 31.12.2021 1.1.2021 RM RM RM (Restated) (Restated) Deferred tax liabilities 3,666,359 2,973,881 2,990,106 Deferred tax assets (1,303,967) (1,007,693) (883,042) 2,362,392 1,966,188 2,107,064
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