NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) B6 Taxation (continued) (ii) Deferred tax assets and liabilities (continued) (b) Unrecognised deferred tax assets Deferred tax assets have not been recognised in respect of the following items: Group 2024 2023 $’000 $’000 Tax losses 389,933 375,232 Deductible temporary differences 11,971 5,618 401,904 380,850 The Group has the above unrecognised deferred tax assets which have no expiry date except for the amount of $92,093,000 (2023: $88,733,000) which will expire from 2025 to 2044 (2023: 2024 to 2042). The unrecognised deferred tax assets can be carried forward and used to offset against future taxable income subject to meeting certain statutory requirements by companies with unrecognised tax losses and capital allowances in their respective countries of incorporation. (c) Unrecognised temporary differences relating to investments in subsidiaries As at 31 December 2024, a deferred tax liability of $209,610,000 (2023: $177,299,000) for temporary difference of $927,090,000 (2023: $766,004,000) related to undistributed earnings of certain subsidiaries was not recognised as the Group has determined that the undistributed profits of its overseas subsidiaries will not be remitted to Singapore in the foreseeable future, but will be retained for organic growth and acquisitions. 153 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
RkJQdWJsaXNoZXIy ODIwNTc=