Page 262 - Bank Muamalat_AR24

260 BANK MUAMALAT MALAYSIA BERHAD

NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2024 (29 JAMADIL AKHIR 1446H)

16. DEFERRED TAX ASSETS/(LIABILITIES) (CONT’D.)

Deferred tax assets and liabilities prior to offsetting are summarised as follows:
Group Bank
2024 2023 2024 2023
RM’000 RM’000 RM’000 RM’000

Deferred tax assets 51,615 42,929 51,454 42,389
Deferred tax liabilities (18,177) (18,446) (18,021) (18,446)

33,438 24,483 33,433 23,943

Effect of offsetting due to different entities are not presented.
The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are
as follows:
Deferred tax assets of the Group:

Property,
plant and
Financial equipment & Provision Other
Investments intangible for temporary
at FVOCI ECL Leases asset liabilities differences Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

2024
At 1 January 2024 5,438 22,623 588 1,940 12,111 229 42,929
Recognised in profit
or loss - 1,719 57 (1,940) 9,155 (229) 8,762
Recognised in other
comprehensive income (76) - - - - - (76)

At 31 December 2024 5,362 24,342 645 - 21,266 - 51,615

Property,
plant and
Financial equipment & Provision Other
Investments intangible for temporary
at FVOCI ECL Leases asset liabilities differences Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

2023
At 1 January 2023 13,742 22,873 617 4,263 11,177 248 52,920
Recognised in profit
or loss 548 (250) (29) (2,323) 934 (19) (1,139)
Recognised in other
comprehensive income (8,852) - - - - - (8,852)
At 31 December 2023 5,438 22,623 588 1,940 12,111 229 42,929