Annual Report 2021

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2021 124 The United Laboratories International Holdings Limited Annual Report 2021 30. DEFERRED TAXATION (Continued) The Group’s unrecognised deductible temporary differences are as follows: 2021 2020 RMB’000 RMB’000 Tax loss carry forwards 492,736 767,158 During the years ended 31 December 2021 and 2020, no tax loss was expired. Included in unrecognised tax losses are losses of RMB16,664,000 (2020: RMB361,852,000) that will expire within five years, all other losses may be carried forward indefinitely. No deferred tax asset in respect of tax losses has been recognised because the amount of future taxable profit that will be available to realise such assets is uncertain. The unused tax losses will be expired as follows: 2021 2020 RMB’000 RMB’000 2021 – 218,412 2022 4,681 100,302 2023 11,009 23,502 2024 974 19,636 16,664 361,852