NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 18. DEFERRED TAX (Cont’d) (a) The deferred tax assets and liabilities are made up of the following: (Cont’d) Group Company 2023 2022 2023 2022 RM RM RM RM Presented after appropriate offsetting: Deferred tax assets, net (4,013,711) (2,100,405) (1,117,162) - Deferred tax liabilities, net 6,548,555 7,885,808 - 92,910 2,534,844 5,785,403 (1,117,162) 92,910 (b) The components and movements of deferred tax liabilities and assets during the financial year prior to offsetting are as follows: Deferred tax liabilities of the Group Property, plant and equipment Intangible assets Others Total RM RM RM RM Balance as at 1 January 2023 11,768,479 161,570 1,090,971 13,021,020 Recognised in profit or loss (484,763) (73,062) 181,368 (376,457) Exchange differences - - 19,366 19,366 Balance as at 31 December 2023 (before offsetting) 11,283,716 88,508 1,291,705 12,663,929 Offsetting (5,220,185) (88,508) (806,681) (6,115,374) Balance as at 31 December 2023 (after offsetting) 6,063,531 - 485,024 6,548,555 Balance as at 1 January 2022 11,123,372 167,352 710,430 12,001,154 Recognised in profit or loss 645,107 (5,782) 396,119 1,035,444 Exchange differences - - (15,578) (15,578) Balance as at 31 December 2022 (before offsetting) 11,768,479 161,570 1,090,971 13,021,020 Offsetting (4,466,572) - (668,640) (5,135,212) Balance as at 31 December 2022 (after offsetting) 7,301,907 161,570 422,331 7,885,808 128 GHL SYSTEMS BERHAD 199401007361 (293040-D)
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