NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 17. Claims for tax refund Claims for tax refund represent (a) advance tax payment made by each entity within the Group which is creditable against their respective corporate income tax payable; and (b) tax assessments being appealed to the taxation authorities. 18. Deferred tax Deferred tax as at 31 December relates to the following: Group 2024 2023 Rp million Rp million Temporary tax differences: Property, plant and equipment (852,988) (913,174) Biological assets (277,122) (140,431) Withholding tax on unremitted foreign interest income (18,651) (27,641) Adjustments for uncollectible and loss arising from changes in amortised cost of plasma receivables 92,354 90,214 Allowance for employees benefit expenses 14,911 22,418 Allowance for decline in market value and obsolescence of inventories 24,575 28,654 Allowance for impairment of advances 12,915 12,915 Employee benefits liabilities 292,831 273,792 Deferred inter-company profits 52,122 21,457 Tax losses carry forward 29,679 47,902 Impairment loss of property, plant and equipment 190,805 125,649 Others (40,499) (16,604) Total (479,068) (474,849) Classified as: Deferred tax assets 294,717 278,904 Deferred tax liabilities (773,785) (753,753) The deferred tax asset and deferred tax liability for the deductible and taxable temporary differences in relation to its lease liabilities and right-of-use assets are included under advances and property, plant and equipment respectively. For purposes of presentation in the consolidated balance sheet, the asset or liability classification of the deferred tax effect of each of the above temporary differences is determined based on the net deferred tax position (net assets or net liabilities) on a per entity basis. Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Annual Report 2024 117
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