29. DEFERRED TAX ASSETS/(LIABILITIES) (CONTINUED) Movements in deferred tax liabilities are as follows: Group 2025 2024 $’000 $’000 Balance at beginning and end of financial year (1) (1) Deferred tax assets are attributable to the following temporary differences: Group 2025 2024 $’000 $’000 Accelerated tax depreciation 28 28 Deferred tax liabilities are attributable to the following temporary differences: Group 2025 2024 $’000 $’000 Accelerated tax depreciation (1) (1) The amount of the deferred tax income or expense in respect of each type of unutilised tax losses and unutilised tax credits recognised in profit or loss are as follows: Accelerated tax depreciation $’000 2025 Balance at beginning and end of financial year 28 2024 Balance at beginning and end of financial year 28 30. SIGNIFICANT RELATED PARTY TRANSACTIONS A related party is defined as follows: (a) A person or a close member of that person’s family is related to the Group and Company if that person: (i) Has control or joint control over the Company; (ii) Has significant influence over the Company; or (iii) Is a member of the key management personnel of the Group or Company or of a parent of the Company. (b) An entity is related to the Group and the Company if any of the following conditions applies: (i) The entity and the Company are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others). (ii) One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member). (iii) Both entities are joint ventures of the same third party. (iv) One entity is a joint venture of a third entity and the other entity is an associate of the third entity. ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 114 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
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