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SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 357

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

32 DEFERRED TAX LIABILITIES/(ASSETS) (CONTINUED)
Under the Malaysia Finance Act 2018 which was gazetted on 27 December 2018, unutilised tax losses will be imposed with
a limit of utilisation for 7 consecutive years. In Budget 2022, the existing time limit to carry forward unutilised business
losses to be extended to 10 consecutive YAs. The existing transitional provision for unutilised business losses from YA2018
be allowed to be carried forward for 10 consecutive YAs, until YA2028.
The Group’s unused tax losses as of 31 December 2021 for which no deferred tax assets were recognised based on the
year of assessment (“YA”) expiry are as follows:
Group
2021 2020
RM’000 RM’000
Continuing operations
Expiring in 2025 - 85,010
Expiring in 2026 - 178,813
Expiring in 2027 - 27,445
Expiring in 2028 85,010 -
Expiring in 2029 178,813 -
Expiring in 2030 27,445 -
Expiring in 2031 13,443 -
304,711 291,268

Discontinuing operation
Expiring in 2025 - 9,252
Expiring in 2026 - 5,801
Expiring in 2027 - 2,616
- 17,669