NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 17. INVESTMENTS IN JOINT VENTURES AND AN ASSOCIATE (Cont’d) (c) The Group does not have any joint venture, which is individually material to the Group for both financial years ended 31 December 2023 and 31 December 2022. (d) During the previous financial year, the Group has disposed the shares in Mruncit Commerce Sdn. Bhd. (“Mruncit”) for a total cash consideration of RM1,500,000. (e) Set out below is the financial information of all individually immaterial associate on an aggregate basis. Group 2023 2022 RM RM Carrying amount of interests in an associate - - Share of results for the financial year Share of profit - 2,304 Share of other comprehensive income - - Share of total comprehensive loss - 2,304 (f) The reconciliation of movement in the impairment loss are as follows: Group 2023 2022 RM RM Impairment loss of investment in associate Balance as at 1 January - 684,250 Disposal during the financial year - (684,250) Balance as at 31 December - - 18. DEFERRED TAX (a) The deferred tax assets and liabilities are made up of the following: Group Company 2023 2022 2023 2022 RM RM RM RM Balance as at 1 January 5,785,403 4,680,752 92,910 107,206 Recognised in profit or loss (Note 9) (3,092,784) 704,125 (1,210,072) (14,296) Recognised in other comprehensive income (Note 9(d)) (82,257) 353,365 - - Exchange differences (75,518) 47,161 - - Balance as at 31 December 2,534,844 5,785,403 (1,117,162) 92,910 127 ANNUAL REPORT 2023
RkJQdWJsaXNoZXIy NDgzMzc=