EC World REIT - Annual Report 2024

19. DEFERRED INCOME TAX (continued) The movement in deferred income tax assets and liabilities (prior to offsetting of balances within the same tax jurisdiction) is as follows: Deferred tax liabilities Fair value movement on investment properties Accelerated tax depreciation Unremitted overseas earnings Total S$’000 S$’000 S$’000 S$’000 Group 2024 Beginning of the year 117,334 445 4,310 122,089 Tax charged/(credited) for the year (20,277) (78) 81 (20,274) Currency translation differences 355 1 – 356 End of the year 97,412 368 4,391 102,171 2023 Beginning of the year 190,383 887 2,914 194,184 Tax charged/(credited) for the year (132,703) (382) 1,396 (131,689) Transferred to asset classified as held for sale (Note 14) 69,228 120 – 69,348 Write-off – (146) – (146) Currency translation differences (9,574) (34) – (9,608) End of the year 117,334 445 4,310 122,089 Deferred tax assets Provisions and others S$’000 Group 2024 Beginning of the year (348) Currency translation differences (1) End of the year (349) 2023 Beginning of the year (209) Tax charged for the year (294) Write-off 146 Currency translation differences 9 End of the year (348) ANNUAL REPORT 2024 109 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

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