NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 18. DEFERRED TAX (Cont’d) (b) The components and movements of deferred tax liabilities and assets during the financial year prior to offsetting are as follows: (Cont’d) Deferred tax assets of the Group Unabsorbed capital allowances Unused tax losses Others Total RM RM RM RM Balance as at 1 January 2023 (3,560,006) (993,659) (2,681,952) (7,235,617) Recognised in profit or loss (531,313) (551,207) (1,633,807) (2,716,327) Recognised in other comprehensive income - - (82,257) (82,257) Exchange differences - - (94,884) (94,884) Balance as at 31 December 2023 (before offsetting) (4,091,319) (1,544,866) (4,492,900) (10,129,085) Offsetting 3,723,722 993,659 1,397,993 6,115,374 Balance as at 31 December 2023 (after offsetting) (367,597) (551,207) (3,094,907) (4,013,711) Balance as at 1 January 2022 (3,581,482) (993,659) (2,745,261) (7,320,402) Recognised in profit or loss 21,476 - (352,795) (331,319) Recognised in other comprehensive income - - 353,365 353,365 Exchange differences - - 62,739 62,739 Balance as at 31 December 2022 (before offsetting) (3,560,006) (993,659) (2,681,952) (7,235,617) Offsetting 3,560,006 993,659 581,547 5,135,212 Balance as at 31 December 2022 (after offsetting) - - (2,100,405) (2,100,405) 129 ANNUAL REPORT 2023
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