11. DEFERRED TAX ASSETS (CONTINUED) Deferred tax assets have not been recognised in respect of the following items: Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Unabsorbed capital allowance 131,784 131,784 131,784 131,784 Unutilised tax losses 2,885 2,885 – – 134,669 134,669 131,784 131,784 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 (2022: 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. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES The statement of financial position shows the following amounts relating to leases: Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Right-of-use assets (Buildings) As at 1 January 184,383 196,000 183,959 195,614 Addition 1,148 5,569 268 5,059 Depreciation (18,095) (17,198) (17,603) (16,726) Effects of movement in exchange rates – 12 – 12 As at 31 December 167,436 184,383 166,624 183,959 Lease liabilities As at 1 January 295,585 303,448 295,167 302,984 Addition 1,148 5,569 268 5,059 Payments of lease liabilities (31,756) (30,240) (31,257) (29,669) Finance cost 16,213 16,796 16,197 16,781 Effects of movement in exchange rates (16) 12 (16) 12 As at 31 December 281,174 295,585 280,359 295,167 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 2023 are RM179,362,000 (2022: RM196,483,000) and RM178,550,000 (2022: RM196,059,000) respectively. 313 1 2 3 4 5 6 7 8 9 www.bankislam.com FINANCIAL STATEMENTS
RkJQdWJsaXNoZXIy NDgzMzc=