8. INCOME TAX EXPENSE (CONTINUED) 8B. Deferred tax income recognised in profit or loss Group 2025 2024 $ $ Deferred tax liabilities: Excess of net book value of plant and equipment over tax values 3,742 120,123 Amount in connection with interests in associate 39,000 95,000 Deferred tax assets: Provisions 104,184 (197,190) Tax loss carryforwards (77,840) (102,312) Total deferred tax income recognised in profit or loss 69,086 (84,379) 8C. Deferred tax balance in the statements of financial position The deferred tax amounts and movements during the year are as follows: Group Company 2025 2024 2025 2024 $ $ $ $ Deferred tax liabilities: Excess of net book value of plant and equipment over tax values 299,903 296,161 – 59,000 Amount in connection with interests in associate 445,000 406,000 445,000 406,000 Total deferred tax liabilities 744,903 702,161 445,000 465,000 Deferred tax assets: Provisions (809,142) (913,326) (445,000) (428,000) Tax loss carryforwards (336,958) (259,118) – – Total deferred tax assets (1,146,100) (1,172,444) (445,000) (428,000) Net deferred tax (assets)/liabilities (401,197) (470,283) – 37,000 Disclosed in the statement of financial position as: Deferred tax assets (974,458) (925,283) (445,000) (369,000) Deferred tax liabilities 573,261 455,000 445,000 406,000 It is impracticable to estimate the amount expected to be settled or used within one year. MEGACHEM LIMITED ANNUAL REPORT 2025 137 31 DECEMBER 2025 NOTES TO THE FINANCIAL STATEMENTS
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