Page 196 - SC SCAR 2023 ENGLISH Flipbook

PART 5 ORGANISATION INFORMATION
6. RIGHT-OF-USE ASSETS
Cost
At 1 January 2022
At 31 December 2022/1 January 2023 Additions
At 31 December 2023
Less: Accumulated depreciation
At 1 January 2022 Depreciation
At 31 December 2022/1 January 2023 Depreciation
At 31 December 2023
Carrying amounts
At 31 December 2022/1 January 2023
At 31 December 2023
Leasehold
land Building
RM’000 RM’000
9,154 -
9,154 - - 179
9,154 179
2,495 - 92 -
2,587 - 92 90
2,679 90
6,567 -
6,475 89
Computer
hardware Total
RM’000 RM’000
- 9,154
- 9,154 549 728
549 9,882
- 2,495 - 92
- 2,587 275 457
275 3,044
- 6,567
274 6,838
The SC leases two leasehold land for 99 years which expire in 2094 and 2096, respectively. Impairment assessment has been performed as disclosed in Note 26.
7. DEFERRED TAX ASSET
During the financial year, the SC was granted a 5-year tax exemption from Year Assessment (YA) 2022 until YA 2026. Accordingly, the utilisation of the unabsorbed capital allowance and unutilised tax losses against SC’s business income is not probable. As the consequence, the deferred tax asset is derecognised in financial year 2023.
Deferred tax assets
At 1 January
Recognised in statement of comprehensive income (Note 21)
- property, plant and equipment
- tax losses - provisions
At 31 December
2023 RM’000
- 10,057
(8,481) - (1,576)
- -
2022 RM’000
10,057
8,972
2,163 (2,654) 1,576
1,085 10,057
194 SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023