NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 18. Deferred tax (cont’d) Unrecognised tax losses At the end of the reporting period, the Group has total tax losses amounting to Rp2,422.2 billion (2023: Rp3,111.3 billion) that are available for offset against future taxable profits for up to five years from the date the losses were incurred as tax losses in Indonesia generally expire after 5 years. Deferred tax benefits of Rp503.2 billion (2023: Rp636.6 billion) attributable to Rp2,287.3 billion (2023: Rp2,893.6 billion) of these tax losses were not recognised as the recoverability was considered not probable. Unrecognised temporary differences relating to investments in subsidiaries The Group has not recognised a deferred tax liability of Rp908.7 billion (2023: Rp836.1 billion) as at 31 December 2024 in respect of undistributed profits of subsidiaries as the distribution is controlled and there is currently no intention for the profits to be remitted to Singapore. 19. Investment in subsidiary companies Company 2024 2023 Rp million Rp million Shares, at cost 10,707,410 10,707,410 The Group held less than 50% effective shareholdings in certain subsidiaries but owned, directly and indirectly, more than half of the voting power in these subsidiaries. Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Annual Report 2024 119
RkJQdWJsaXNoZXIy NTkwNzg=