Annual Report 2025 189 12 Deferred Tax Movements in deferred tax assets and liabilities are as follows: CapitaLand Ascott REIT Group At 1 January 2024 $’000 Credited/ (Charged) to Statement of Total Return (Note 29) $’000 Acquisition of subsidiary (Note 37) $’000 Reclassification to assets/ liabilities held for sale $’000 Translation differences $’000 At 31 December 2024 $’000 Credited/ (Charged) to Statement of Total Return (Note 29) $’000 Translation differences $’000 At 31 December 2025 $’000 Deferred tax assets Unutilised capital allowances 408 589 – – 1 998 – 10 1,008 Unutilised tax losses 6,657 4,501 – – (349) 10,809 757 548 12,114 Provisions and accruals 138 (76) – – (3) 59 124 (2) 181 Unrealised foreign exchange loss – trade 3,392 – – – (189) 3,203 (1,493) (63) 1,647 Lease liabilities 83,051 (4,110) – (2,639) (557) 75,745 (3,424) (2,394) 69,927 93,646 904 – (2,639) (1,097) 90,814 (4,036) (1,901) 84,877 Set-off of tax (83,051) 4,110 – 2,639 557 (75,745) 3,424 2,394 (69,927) 10,595 5,014 – – (540) 15,069 (612) 493 14,950 Deferred tax liabilities Investment properties (152,532) (5,583) – – 3,846 (154,269) (24,100) (2,483) (180,852) Property, plant and equipment (147) – – – (2) (149) (397) 9 (537) Revaluation gain from business combinations (1,288) – – – – (1,288) – – (1,288) Accrued income and interest receivable (35) 7 – – 3 (25) (1) 4 (22) Unremitted earnings – (8,396) – – 44 (8,352) (28,757) 1,441 (35,668) Capital allowances in investment properties – – (2,764) – – (2,764) – (16) (2,780) Right-of-use assets (83,051) 4,110 – 2,639 557 (75,745) 3,424 2,394 (69,927) (237,053) (9,862) (2,764) 2,639 4,448 (242,592) (49,831) 1,349 (291,074) Set-off of tax 83,051 (4,110) – (2,639) (557) 75,745 (3,424) (2,394) 69,927 (154,002) (13,972) (2,764) – 3,891 (166,847) (53,255) (1,045) (221,147) Net deferred tax (liabilities)/assets (143,407) (8,958) (2,764) – 3,351 (151,778) (53,867) (552) (206,197)
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