Press Metal Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS Cont’d 11. Deferred tax assets/(liabilities) cont’d Movement in temporary differences during the year At 1.1.2021 Recognised in profit or loss (Note 24) Recognised in other comprehensive (expense)/ income (Note 25) Effect of movements in exchange rates At 31.12.2021/ 1.1.2022 Recognised in profit or loss (Note 24) Recognised in other comprehensive (expense)/ income (Note 25) Effect of movements in exchange rates At 31.12.2022 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Group Property, plant and equipment (399,575) (26,201) - (1,408) (427,184) (33,929) - 909 (460,204) Right-of-use assets (67,831) 14,433 - - (53,398) (1,280) - - (54,678) Lease liabilities 75,731 (19,103) - - 56,628 (1,126) - - 55,502 Provisions 52,978 6,233 - 2 59,213 1,478 - - 60,691 Tax loss carry-forwards 12,809 (12,809) - - - - - - - Capital allowance carry-forwards 2 84 - - 86 146 - - 232 Investment tax allowance carry-forwards 51,285 (51,227) - - 58 (58) - - - Derivatives (41,383) (919) 58,903 - 16,601 (1,167) (54,720) - (39,286) Other items (221) (410) - - (631) (29,261) - - (29,892) (316,205) (89,919) 58,903 (1,406) (348,627) (65,197) (54,720) 909 (467,635) Company Provisions 850 (217) - - 633 296 - - 929 Derivatives (9,508) 17,794 13,221 - 21,507 (23,840) (53) - (2,386) Other items 51 (20) - - 31 (2) - - 29 (8,607) 17,557 13,221 - 22,171 (23,546) (53) - (1,428) PRESS METAL ALUMINIUM HOLDINGS BERHAD 255

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