ACCOUNTABILITY | FINANCIAL STATEMENTS 289 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 January 2024 34. DEFERRED TAXATION Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when the deferred taxes relate to the same tax authority. The following amounts, determined after appropriate offsetting, are shown in the statement of financial position: Group 2024 RM million 2023 RM million Deferred tax assets 57 35 Deferred tax liabilities (602) (330) (545) (295) At 1 February (295) (189) Recognised in profit or loss (Note 13) (200) (109) Exchange differences (50) 3 At 31 January (545) (295) The components and movements of deferred taxes during the financial year were as follows: Group Tax losses RM million Contract assets RM million Accelerated capital allowances and others RM million Total RM million At 1 February 2022 2 (183) (8) (189) Recognised in profit or loss 30 (138) (1) (109) Exchange differences (4) 3 4 3 At 31 January 2023 and 1 February 2023 28 (318) (5) (295) Recognised in profit or loss 16 (212) (4) (200) Exchange differences 3 (52) (1) (50) At 31 January 2024 47 (582) (10) (545) 2023 Deferred tax assets (before offsetting) 30 - 6 36 Deferred tax liabilities (before offsetting) (2) (318) (11) (331) Net deferred tax assets/(liabilities) 28 (318) (5) (295) 2024 Deferred tax assets (before offsetting) 47 - 7 54 Deferred tax liabilities (before offsetting) - (582) (17) (599) Net deferred tax assets/(liabilities) 47 (582) (10) (545)
RkJQdWJsaXNoZXIy NDgzMzc=