209 INTEGRATED ANNUAL REPORT 2024 Key Messages Financial Statements Other Information NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 Overview of Wasco Berhad Value Creation Commitment to Governance Sustainability Journey 6 GOODWILL AND OTHER INTANGIBLE ASSETS (CONTINUED) Significant estimates: Key assumptions used for value in use calculations (continued) CGU B (a) The revenue forecast for CGU B is supported by management’s expected projects, which is in line with past performance records, future market outlook and management’s expectation of market developments; (b) Pre-tax discount rate of 19.1% (2023: 17.5%) was applied for both scenarios, benchmarked against comparable companies at the date of assessment; and (c) No terminal growth rate was applied to both scenarios. Sensitivity CGU A and CGU B Management believes that no reasonably possible change in any of the key assumptions would cause the carrying value of any CGU to exceed its recoverable amount. 7 DEFERRED TAX ASSETS/(LIABILITIES) Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset and intends to settle either on a net basis or to realise the asset and settle the liability simultaneously. The following amounts, determined after appropriate offsetting, are shown in the statements of financial position: Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Deferred tax assets 11,978 26,719 - - Deferred tax liabilities (3,635) (8,957) - (14) 8,343 17,762 - (14) At 1 January 17,762 41,850 (14) 4,310 (Charged)/Credited to profit or loss: - Unused tax losses (17,725) (19,935) - - - Property, plant and equipment (1,089) (233) 14 (3) - Provisions and accruals 1,560 (1,025) - (4,321) - Unrealised foreign exchange 2,509 (1,090) - - - Others 5,986 (2,773) - - (8,759) (25,056) 14 (4,324) Effect of exchange rate changes (660) 968 - - At 31 December 8,343 17,762 - (14)
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