Page 156 - Exim iar24_Ebook
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EXIM BANK MALAYSIA
          154

          NOTES TO THE FINANCIAL STATEMENTS







          13.  DEFERRED TAX (LIABILITIES)/ASSETS (cont’d)
              Presented after appropriate offsetting as follows:
                                                                             Group                    Bank
                                                                        2024         2023        2024         2023
                                                                      RM’000       RM’000      RM’000       RM’000
              Deferred tax assets                                      4,091        4,394       4,091        4,394
              Deferred tax liabilities                                 (4,091)     (4,394)      (4,091)     (4,394)
                                                                           -           -            -           -


              Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against
              current tax liabilities and when the deferred taxes relate to the same taxation authority.
              At the reporting date, the Group and the Bank have recognised deferred tax assets for the following items:

                                                                             Group                    Bank
                                                                        2024         2023        2024         2023
                                                                      RM’000       RM’000      RM’000       RM’000
              Unutilised tax losses                                   17,047       18,308      17,047       18,308
              Tax rate                                                  24%          24%         24%          24%

                                                                       4,091        4,394       4,091        4,394

              The deferred tax assets have been recognised as at 31 December 2024 to the extent that the Group and the Bank have
              sufficient taxable temporary differences to utilise against the deferred tax assets.

              At the reporting date, the Group and the Bank have not recognised deferred tax assets for the following items:
                                                                             Group                    Bank
                                                                        2024         2023        2024         2023
                                                                      RM’000       RM’000      RM’000       RM’000

              Unutilised business losses                            1,211,389    1,302,408   1,211,389   1,302,408
              Other deductible temporary differences                 205,323      229,306     205,323      229,306
                                                                    1,416,712    1,531,714   1,416,712   1,531,714

              Year of expiry of unutilised business losses is analysed as follows:

                                                                                                 2024         2023
                                                                                               RM’000       RM’000
              Expiring in 2029                                                                603,707      694,726
              Expiring in 2030                                                                391,931      391,931
              Expiring in 2033                                                                215,751      215,751
                                                                                             1,211,389   1,302,408

              The  unutilised  business  losses  above  are  available  for  offset  against  future  taxable  profits  at  the  Group  and  the  Bank,
              subject to tax law and guidelines issued by tax the authority enacted at the reporting date.

              The  deductible  temporary  differences  do  not  expire  under  current  tax  legislation  unless  there  is  a  substantial  change  in
              shareholders (more than 50%).
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