Annual Report 2025 191 Stapled Group At 1 January 2024 $’000 Credited/ (Charged) to Statement of Total Return (Note 29) $’000 Charged to Stapled Securityholders’ funds $’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 Charged to Stapled Securityholders’ funds $’000 Translation differences $’000 At 31 December 2025 $’000 Deferred tax assets Unutilised capital allowances 510 589 – – – (3) 1,096 (37) – 8 1,067 Unutilised tax losses 6,657 4,501 – – – (349) 10,809 757 – 548 12,114 Provisions and accruals 4,019 (76) – – – (154) 3,789 (974) – (89) 2,726 Unrealised foreign exchange loss – trade 3,392 – – – – (189) 3,203 (1,493) – (63) 1,647 Lease liabilities 86,529 (4,356) – – (2,639) (788) 78,746 (3,688) – (2,484) 72,574 101,107 658 – – (2,639) (1,483) 97,643 (5,435) – (2,080) 90,128 Set-off of tax (86,529) 4,356 – – 2,639 788 (78,746) 3,688 – 2,484 (72,574) 14,578 5,014 – – – (695) 18,897 (1,747) – 404 17,554 Deferred tax liabilities Investment properties (158,381) (10,122) – – – 4,371 (164,132) (30,048) – (1,757) (195,937) Property, plant and equipment (31,520) 4,792 (4,019) – – 1,322 (29,425) 390 (600) 450 (29,185) Revaluation gain from business combinations (4,068) – – – – – (4,068) – – – (4,068) Accrued income and interest receivable (35) 7 – – – 3 (25) (1) – 4 (22) Unremitted earnings (1,321) (8,779) – – – 44 (10,056) (29,588) – 1,441 (38,203) Capital allowances in investment properties – – – (2,764) – – (2,764) – – (16) (2,780) Right-of-use assets (86,529) 4,356 – – 2,639 788 (78,746) 3,688 – 2,484 (72,574) (281,854) (9,746) (4,019) (2,764) 2,639 6,528 (289,216) (55,559) (600) 2,606 (342,769) Set-off of tax 86,529 (4,356) – – (2,639) (788) 78,746 (3,688) – (2,484) 72,574 (195,325) (14,102) (4,019) (2,764) – 5,740 (210,470) (59,247) (600) 122 (270,195) Net deferred tax (liabilities)/assets (180,747) (9,088) (4,019) (2,764) – 5,045 (191,573) (60,994) (600) 526 (252,641) 12 Deferred Tax (continued)
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