12. INCOME TAX (BENEFIT)/EXPENSE (CONT’D.) The following are deferred tax assets which have not been recognised by the Group as they have arisen in companies that have a recent history of losses or in companies where future taxable pro t may be insuf cient to trigger the utilisation of these items. Group 2022 2021 RM’000 RM’000 Unused tax losses 55,056 71,251 Unabsorbed capital allowances 957 94,229 Unused investment tax allowances 151,799 151,799 Other deductible temporary differences 188,090 942 395,902 318,221 Tax losses for which the tax effects have not been recognised in the financial statements: Group 2022 2021 RM’000 RM’000 Unused tax losses: - Expiring in 2029 369 369 - Expiring in 2030 23,077 40,333 - Expiring in 2031 21,893 30,549 - Expiring in 2032 9,717 – 55,056 71,251 The Malaysia Finance Act gazetted on 27 December 2018 has imposed a time limitation to restrict the carry forward of the unutilised tax losses for Malaysia entities. Based on the latest Malaysian Finance Act gazetted on 31 December 2022, the time limit for the carry forward of the unutilised tax losses has been extended from 7 years to 10 years. The unutilised tax losses accumulated up to the year of assessment 2018 are allowed to be carried forward for 10 consecutive years of assessment (i.e. from years of assessment 2019 to 2028) and any balance of the unutilised losses thereafter shall be disregarded. Deferred tax assets have not been recognised in respect of unabsorbed capital allowances and unused tax losses because it is probable that the future taxable profit of certain loss-making subsidiaries would not be available against which the tax losses and unabsorbed capital allowances can be utilised. 203 FINANCIAL STATEMENTS & OTHER INFORMATION
RkJQdWJsaXNoZXIy NDgzMzc=