Sasbadi Annual Report 2021

94 SASBADI HOLDINGS BERHAD FINANCIAL STATEMENTS (continued) 94 10. DEFERRED TAX ASSETS/(LIABILITIES) (continued) Unrecognised deferred tax assets Deferred tax assets have not been recognised in respect of the following items: Group 2021 2020 RM’000 RM’000 Unutilised tax losses - Expires by 31 August 2025 2,395 2,722 - Expires by 31 August 2029 1,866 1,866 - Expires by 31 August 2030 3,270 1,736 - Expires by 31 August 2031 3,115 - Unabsorbed capital allowances 2,221 2,781 Contract liabilities 868 686 Other deductible temporary differences 580 558 14,315 10,349 Deferred tax assets have not been recognised in respect of these items because there is no sufficient future taxable profits available against which they can be utilised. Unutilised tax losses can be carried forward for ten (10) consecutive years of assessment whilst the unabsorbed capital allowances do not expire under the current tax legislation. These items are subject to the agreement of the Inland Revenue Board. 11. RIGHT-OF-USE ASSETS/(LEASE LIABILITIES) The Group as a lessee Right-of-use assets classified within property, plant and equipment Group 31.8.2021 31.8.2020 RM’000 RM’000 Condominium 303 308 Leasehold land 19,640 24,278 Buildings 17,598 19,935 Motor vehicles 187 265 Total 37,728 44,786 Right-of-use assets classified within asset classified as held for sale Group 31.8.2020 RM’000 Leasehold land 6,286 Buildings 712 Total 6,998 Lease liabilities Balance Balance as at Lease Interest as at 1.9.2020 Additions payments expense 31.08.2021 Carrying amount RM’000 RM’000 RM’000 RM’000 RM’000 Buildings 2,077 106 (1,161) 85 1,107 Motor vehicles 234 - (115) 9 128 2,311 106 (1,276) 94 1,235