EXCEL FORCE MSC BERHAD Annual Report 2024

95 www.excelforce.com.my Notes to the Financial Statements (cont’d) 21. Deferred Tax Liabilities (cont’d) The components and movements of deferred tax liabilities and assets are follows: (cont’d) Unutilised capital allowances Others Total Group RM RM RM Deferred tax assets 2024 At 1 July 2023 (44,148) (1,259,819) (1,303,967) Recognised in profit or loss (3,670) 267,059 263,389 Under provision in prior years (107,391) - (107,391) At 30 June 2024 (155,209) (992,760) (1,147,969) 2023 At 1 January 2022 (2,719) (1,004,974) (1,007,693) Recognised in profit or loss (9,756) (254,845) (264,601) Under provision in prior years (31,673) - (31,673) At 30 June 2023 (44,148) (1,259,819) (1,303,967) Accelerated capital allowances Others Total Company RM RM RM Deferred tax liabilities 2024 At 1 July 2023 136,433 3,204,817 3,341,250 Transfer upon corporate reorganisation exercise (273,175) (3,071,946) (3,345,121) Recognised in profit or loss 141,173 (132,871) 8,302 At 30 June 2024 4,431 - 4,431 2023 At 1 January 2022 154,871 2,558,156 2,713,027 Recognised in profit or loss (18,438) 646,661 628,223 At 30 June 2023 136,433 3,204,817 3,341,250

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