GHL System Berhad Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 18. DEFERRED TAX (Cont’d) (c) The amounts of temporary differences for which no deferred tax assets have been recognised in the statements of financial position are as follows: Group Company 2023 2022 2023 2022 RM RM RM RM Unused tax losses, expiring on 31 December 2028 14,507,580 14,507,580 - - Unused tax losses, expiring on 31 December 2029 4,884,011 6,059,451 2,112,854 3,288,294 Unused tax losses, expiring on 31 December 2030 2,969,183 2,969,183 2,270,022 2,270,022 Unused tax losses, expiring on 31 December 2031 3,002,136 3,002,136 62 62 Unused tax losses, expiring on 31 December 2032 3,044,686 3,044,686 - - Unused tax losses, expiring on 31 December 2033 10,334,501 - - - Unabsorbed capital allowances 4,172,960 8,028,542 - 3,562,144 Other deductible temporary differences 3,794,659 7,158,396 - 1,801,169 46,709,716 44,769,974 4,382,938 10,921,691 Deferred tax assets of certain subsidiaries and of the Company have not been recognised in respect of these items as it is not probable that taxable profits of the subsidiaries and of the Company would be available against which the deductible temporary differences could be utilised. The amount and availability of these items to be carried forward up to the periods as disclosed above are subject to the agreement of the respective local tax authorities. Unutilised tax losses of the holding company and subsidiaries incorporated in Malaysia can be carried forward up to 10 consecutive years of assessment immediately following the year of assessment under the tax legislation of Inland Revenue Board. 131 ANNUAL REPORT 2023

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