Page 149 - EXIM_AR2021

ANNUAL REPORT 2021 147

Notes to the fiNaNcial statemeNts

11. DeferreD tax (liabilities)/assets (cOnt’D.)

Deferred tax liabilities (cont’d.)
ROU
assets and
accelerated
capital
allowance Total
Other on property taxable
temporary and temporary
differences equipment differences
RM’000 RM’000 RM’000

Bank
At 1 January 2020 (1,903) (4,072) (5,975)
Recognised in profit and loss 1,903 (390) 1,513
At 31 December 2020 - (4,462) (4,462)
Recognised in profit and loss - (2,207) (2,207)

At 31 December 2021 - (6,669) (6,669)

Presented after appropriate offsetting as follows:
Group Bank
2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000

Deferred tax assets 6,669 4,462 6,669 4,462
Deferred tax liabilities (6,669) (4,462) (6,669) (4,462)

- - - -

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 taxation authority.

At the reporting date, the Group and the Bank have recognised deferred tax assets for the following items:
Group Bank
2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000

Unutilised tax losses 27,788 18,595 27,788 18,595

Tax rate 24% 24% 24% 24%

6,669 4,463 6,669 4,463

The deferred tax assets have been recognised as at 31 December 2021 to the extent that the Group and the Bank have
sufficient taxable temporary differences to utilise.