Page 151 - EXIM-Bank_Annual-Report-2022

A VISION COMMITMENT EMPOWERING ENSURING ENHANCING FINANCIAL
TO SERVE TO LEAD GROWTH SUSTAINABILITY GOVERNANCE STATEMENTS 149

Notes to the fiNaNcial statemeNts

13. 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 2021 - (4,462) (4,462)
Recognised in profit or loss - (2,207) (2,207)

At 31 December 2021 - (6,669) (6,669)
Recognised in profit or loss - 924 924

At 31 December 2022 - (5,745) (5,745)

Presented after appropriate offsetting as follows:
Group Bank
2022 2021 2022 2021
rM’000 rM’000 rM’000 rM’000
Deferred tax assets 5,745 6,669 5,745 6,669
Deferred tax liabilities (5,745) (6,669) (5,745) (6,669)

- - - -

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
2022 2021 2022 2021
rM’000 rM’000 rM’000 rM’000
Unutilised tax losses 23,936 27,788 23,936 27,788

Tax rate 24% 24% 24% 24%

5,745 6,669 5,745 6,669

The deferred tax assets have been recognised as at 31 December 2022 to the extent that the Group and the Bank have
sufficient taxable temporary differences to utilise.