11. DEFERRED TAX ASSETS (CONTINUED) The movement in temporary differences during the year are as follows: Provision for other liabilities RM’000 Financing, advances and others RM’000 Lease liabilities RM’000 Tax losses RM’000 Property and equipment RM’000 FVOCI reserves RM’000 Total RM’000 Group At 1 January 2023 23,253 104,820 26,689 995 (15,871) 72,463 212,349 Recognised in profit or loss (4,374) 8,199 607 – 7,627 – 12,059 Recognised in other comprehensive income – – – – – (49,680) (49,680) At 31 December 2023/ 1 January 2024 18,879 113,019 27,296 995 (8,244) 22,783 174,728 Recognised in profit or loss 6,326 (3,627) 239 (403) (7,726) – (5,191) Recognised in other comprehensive income – – – – – (1,919) (1,919) At 31 December 2024 25,205 109,392 27,535 592 (15,970) 20,864 167,618 Bank At 1 January 2023 23,253 104,820 26,689 – (15,848) 72,463 211,377 Recognised in profit or loss (4,374) 8,199 607 0 7,627 0 12,059 Recognised in other comprehensive income – – – – – (49,680) (49,680) At 31 December 2023/ 1 January 2024 18,879 113,019 27,296 – (8,221) 22,783 173,756 Recognised in profit or loss 6,326 (3,627) 239 – (7,776) – (4,838) Recognised in other comprehensive income – – – – – (1,919) (1,919) At 31 December 2024 25,205 109,392 27,535 – (15,997) 20,864 166,999 Deferred tax assets have not been recognised in respect of the following items: Group Bank 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Unabsorbed capital allowance 131,784 131,784 131,784 131,784 Unutilised tax losses 12,698 2,885 – – 144,482 134,669 131,784 131,784 Under the current tax legislation, the unutilised tax losses will expire in year 2026 where the unutilised capital allowance do not expire. The Bank’s unabsorbed capital allowances of RM131,784,000 (2023: RM131,784,000) is in respect of its leasing business, whereby management considered it is uncertain whether the Bank is able to utilise the benefits in the future. As such, deferred tax assets have not been recognised. 333 w w w . b a n k i s l a m. c o m 01 02 03 04 05 06 07 08 FINANCIAL STATEMENTS 09
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