Page 158 - EXIM-Bank_Annual-Report-2023

EXIM BANk MALAySIA
156 A Vision to Serve Empowering Growth Management Discussion and Analysis
ANNUAL REPORT 2023
Notes to the fiNaNcial statemeNts

13. DEFERRED TAX (LIABILITIES)/ASSETS (cont’d)
Deferred tax liabilities (cont’d)

rou
assets and
accelerated
capital Total
Other allowance on taxable
temporary property and temporary
differences equipment differences
rM’000 rM’000 rM’000
Bank

At 1 January 2022 - (6,669) (6,669)
Recognised in profit or loss - 924 924
At 31 December 2022 - (5,745) (5,745)
Recognised in profit or loss - 1,351 1,351
At 31 December 2023 - (4,394) (4,394)

Presented after appropriate offsetting as follows:
Group Bank
2023 2022 2023 2022
rM’000 rM’000 rM’000 rM’000
Deferred tax assets 4,394 5,745 4,394 5,745
Deferred tax liabilities (4,394) (5,745) (4,394) (5,745)
- - - -

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
2023 2022 2023 2022
rM’000 rM’000 rM’000 rM’000
Unutilised tax losses 18,309 23,936 18,309 23,936

Tax rate 24% 24% 24% 24%

4,394 5,745 4,394 5,745

The deferred tax assets have been recognised as at 31 December 2023 to the extent that the Group and the Bank have
sufficient taxable temporary differences to utilise.