10. DEFERRED TAX ASSETS/(LIABILITIES) (CONTINUED) Deferred tax assets/(liabilities) have not been recognised in respect of the following items: Group Company 31.12.2023 RM’000 30.6.2022 RM’000 31.12.2023 RM’000 30.6.2022 RM’000 Unutilised tax losses 2,289,207 2,249,939 – – Unutilised investment tax allowances 5,065,887 5,065,887 – – Unabsorbed capital allowances 4,428,079 4,119,224 – – Property, plant and equipment and intangible assets 1,168 380 (317) (112) Provisions 42,868 55,538 291 291 Others (101) 68 – – 11,827,108 11,491,036 (26) 179 Unrecognised deferred tax assets/(liabilities) 2,838,506 2,757,849 (6) 43 (a) Deferred tax assets have not been recognised in respect of these items because it is not probable that future taxable profits will be allowable against which the Group and the Company can utilise the benefits. (b) The comparative figures have been restated to reflect the actual tax losses, investment tax allowances and capital allowances available to the Group and to the Company. (c) With effect from period of assessment 2020, the unutilised tax losses in a period of assessment of the Group and of the Company can only be carried forward for a maximum period of ten (10) consecutive years of assessment to be utilised against income from any business source. The unabsorbed capital allowances and unutilised investment tax allowances do not expire under the current tax legislation. Integrated Report 2023 247
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