liability will be recognised in the profit and loss. Upon adopting the amendments, the Group and the Company do not expect material adjustments to the retained earnings as the initial recognition of the lease transactions gave rise to equal and offsetting temporary differences. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when the deferred taxes relate to the same tax authority. The following amounts, determined after appropriate offsetting, are shown in the statement of financial position: Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Deferred tax assets: - Deferred tax assets to be realised after more than 12 months 257.8 246.4 0 0 - Deferred tax assets to be realisedwithin 12 months 121.5 131.1 0 0 379.3 377.5 0 0 Deferred tax liabilities: - Deferred tax liabilities to be settled after more than 12 months (8,119.2) (8,496.2) (5,600.3) (6,337.4) - Deferred tax liabilities to be settled within 12 months (899.1) (324.1) (890.9) (302.9) (9,018.3) (8,820.3) (6,491.2) (6,640.3) Net total (8,639.0) (8,442.8) (6,491.2) (6,640.3) 12 DEFERRED TAXATION NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 241 12 DEFERRED TAXATION (CONTINUED) The movements during the financial year relating to deferred tax are as follows: Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million As at the beginning of the financial year (8,442.8) (7,805.6) (6,640.3) (6,265.3) Credited/(Charged) to statement of profit or loss: (Note 38) - PPE 109.8 (1,262.4) (210.3) (554.9) - Post-employment benefits (215.0) (135.4) (51.0) (37.5) - Tax losses and capital allowances 244.7 340.2 0 0 - Provisions and allowances (33.9) 866.9 (47.0) 17.8 - Contract assets (380.9) (98.6) (192.1) (96.2) - Lease liabilities (573.5) 951.2 (1,073.2) 614.0 - ROU assets 689.9 (984.1) 1,537.9 (162.1) (158.9) (322.2) (35.7) (218.9) Credited to OCI: - Post-employment benefits 208.7