211 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 7 DEFERRED TAX ASSETS/(LIABILITIES) (CONTINUED) The Group did not recognise deferred tax assets arising from the following temporary differences of certain subsidiaries as it is not probable that future taxable profit will be available against which the deferred tax assets can be utilised in these subsidiaries. Group 2024 RM’000 2023 RM’000 Deductible temporary differences on: - Unused tax losses 89,493 95,040 - Unabsorbed capital allowances 73,491 106,609 - Provisions and accruals 39,942 24,490 - Others 2,600 52,387 205,526 278,526 Deferred tax assets not recognised is based on respective countries tax rate 44,971 62,139 The Group’s accumulated unused tax losses, for which no deferred tax assets were recognised on, can be carried forward for another 10 consecutive years (2023: 10 consecutive years) of assessment (“YA”) effective from YA2018. Group Expiring in 2024 RM’000 2023 RM’000 Unused tax losses - YA2018 YA2028 28,477 46,003 - YA2019 YA2029 4,373 8,611 - YA2020 YA2030 3,882 4,341 - YA2021 YA2031 143 146 - YA2022 YA2032 1,672 8 - YA2023 YA2033 - 9,333 38,547 68,442
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