11. DEFERRED TAX ASSETS (CONTINUED) Deferred tax assets have not been recognised in respect of the following items: Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Unabsorbed capital allowance 131,784 131,819 131,784 131,784 Unutilised tax losses 2,885 1,251 – – Deductible temporary differences – 329 – – 134,669 133,399 131,784 131,784 Under the current tax legislation, the unutilised tax losses will expire in year 2025 where the unutilised capital allowance do not expire. The Bank’s unabsorbed capital allowances of RM131,784,000 (2021: RM131,784,000) is in respect of its leasing business, whereby management considered it is uncertain whether the Bank is able to utilise the benefits in the future. As such, deferred tax assets have not been recognised. 12. RIGHTS-OF-USE ASSETS AND LEASE LIABILITIES The statement of financial position shows the following amounts relating to leases: Group Bank 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Right-of-use assets (Buildings) As at 1 January 196,000 209,736 195,614 209,736 Addition 5,569 4,461 5,059 3,920 Depreciation (17,198) (18,197) (16,726) (18,042) Effects of movement in exchange rates 12 – 12 – As at 31 December 184,383 196,000 183,959 195,614 Lease liabilities As at 1 January 303,448 312,429 302,984 312,429 Addition 5,569 4,512 5,059 3,915 Payments of lease liabilities (30,240) (30,818) (29,669) (30,676) Finance cost 16,796 17,312 16,781 17,303 Effects of movement in exchange rates 12 13 12 13 As at 31 December 295,585 303,448 295,167 302,984 The net carrying amount of right-of-use assets including leasehold land for the Group and the Bank as disclosed in Note 14 as at 31 December 2022 are RM307,685,000 (2021: RM315,710,000) and RM306,267,000 (2021: RM315,246,000) respectively. Financial Statements 293 01 05 03 07 02 06 09 04 08 Bank Islam Malaysia Berhad
RkJQdWJsaXNoZXIy NDgzMzc=