Page 262 - Bank-Muamalat_Annual-Report-2023
P. 262
BANK MUAMALAT MALAYSIA BERHAD
NOTES TO THE
FINANCIAL STATEMENTS
31 DECEMBER 2023 (18 JAMADIL AKHIR 1445H)
15. LEASES (CONT’D.)
15.2 Group and the Bank as a lessor
The Group and the Bank have entered into commercial property leases on its investment properties.
These non-cancellable leases have remaining lease terms of between one (1) and five (5) years. All leases include
a clause to enable upward revision of the rental charge on an annual basis based on prevailing market conditions.
Future minimum rentals receivable under commitments and non-cancellable operating leases at the reporting
date are as follows:
Group
2023 2022
RM’000 RM’000
Not later than 1 year 1,129 941
Later than 1 year but not later than 5 years 2,257 580
3,386 1,521
Bank
2023 2022
RM’000 RM’000
Not later than 1 year 1,249 1,061
Later than 1 year but not later than 5 years 2,497 650
3,746 1,711
16. DEFERRED TAX ASSETS/(LIABILITIES)
Group Bank
2023 2022 2023 2022
RM’000 RM’000 RM’000 RM’000
At 1 January 36,442 42,504 36,442 42,504
Recognised in the profit or loss (Note 41) (3,107) (7,131) (3,647) (7,131)
Recognised in other comprehensive income (8,852) 1,069 (8,852) 1,069
At 31 December 24,483 36,442 23,943 36,442
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 income taxes relate to the same fiscal authority. The following amounts, determined
after appropriate offsetting, are shown in the statements of financial position as follows:
Group Bank
2023 2022 2023 2022
RM’000 RM’000 RM’000 RM’000
Deferred tax assets, net 24,483 36,442 23,943 36,442
260