Group and the Company. Claims by third parties include claims by contractors, consumers and statutory body. These claims are being addressed and the Directors are of the opinion that their ultimate resolution will not have a material effect on the financial position of the Group and the Company. Trade guarantees and performance bonds provided to third parties for the benefit of the Group and the Company are for normal and ongoing business requirements consistent with generally acceptable and recognised industry practices. The liability would only trigger upon the default of the Group’s and the Company’s obligations under the guarantees and bonds. At the reporting date, the likelihood of the guarantees and bonds being called upon is remote. Material litigations (a) Reinvestment allowance (‘RIA’) On 7 December 2016, the Companyand the Inland Revenue Board of Malaysia (‘IRB') entered into a consent judgement before the Kuala Lumpur High Court to substitute judicial review proceedings for notices of additional assessment dated 23 November 2015 for Years of Assessment (‘YA') 2013 and 2014 amounting to RM2,068.2 million (referred to as 'Notices 1') arising from the disallowance of the Company's RIA claims. The consent judgement also stipulates that the IRB will not commence any proceedings relating to the Notices 1 until the matter is determined by the Special Commissioners of Income Tax ('SCIT') and the High Court, if there is a subsequent appeal by either party. On 15 December 2016, the Company filed appeals against the Notices 1 to the SCIT according to Section 99(1) of the Income Tax Act 1967, which have since been registered before the SCIT. However, the hearing at SCIT is adjourned pending the Court of Appeal's decision on 16 May 2024 in relation to notice of additional assessment for the YA 2018. Meanwhile, for the notices of additional assessment issued for the YAs 2015, 2016, and 2017 amounting to RM3,977.9 million (referred to as 'Notices 2'), both the Company and the IRB recorded a consent order for