AUDITED FINANCIAL STATEMENTS 2022 165 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 48 PROVISION FOR DEFINED BENEFIT PLAN (CONTINUED) The above sensitivity analysis are based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined obligation to significant actuarial assumptions the same method (present value of the defined benefit obligation calculated with the projected unit credit method at the end of the reporting period) has been applied as when calculating the benefit liability recognised within the statement of financial position. The methods and types of assumptions used in preparing the sensitivity analysis have not changed compared to the previous financial year. The weighted average duration of the defined benefit obligation is 12 to 26 (2021: 12 to 24) years. Expected maturity analysis of undiscounted defined benefit obligation: Less than a year RM’000 Between 1 – 2 years RM’000 Between 2 – 5 years RM’000 Over 5 years RM’000 Total RM’000 Provision for defined benefit plan At 31 December 2022 2,486 3,044 10,544 94,861 110,935 At 31 December 2021 2,133 2,531 8,971 88,218 101,853 49 DEFERRED TAXATION 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 taxes relate to the same tax authority. The following amounts, determined after appropriate offsetting, are shown in the statement of financial position: Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Subject to income tax - Deferred tax assets 231,316 295,131 5,995 6,527 - Deferred tax liabilities (577,718) (575,740) - -
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