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10Deferred taxDeferred income tax is provided on temporary differences between the tax bases of assets and liabilities and their carrying amounts at the end of each reporting period, using the tax rates enacted at the end of the reporting period. The Group recognises deferred tax liabilities for all taxable temporary differences while it recognises deferred tax assets for all deductible temporary differences and tax losses carried forward to the extent that it is probable that future taxable profit will be available against which such deductible temporary differences and tax losses carried forward can be utilised.At each reporting date, the Group reviews and reduces the carrying amount of deferred tax assets to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised.The Group records deferred tax directly to shareholders' equity if the tax relates to items that are recorded directly to shareholders' equity.4.15 Financial instruments The Group initially measures financial assets at its fair value plus, in the case of financial assets that are not measured at fair value through profit or loss, transaction costs. However, trade receivables, that do not contain a significant financing component, are measured at the transaction price as disclosed in the accounting policy relating to revenue recognition. Classification and measurement of financial assetsFinancial assets are classified, at initial recognition, as to be subsequently measured at amortised cost, fair value through other comprehensive income (%u201cFVOCI%u201d), or fair value through profit or loss (%u201cFVTPL%u201d). The classification of financial assets at initial recognition is driven by the Group%u2019s business model for managing the financial assets and the contractual cash flows characteristics of the financial assets.Financial assets at amortised cost The Group measures financial assets at amortised cost if the financial asset is held in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.Financial assets at amortised cost are subsequently measured using the effective interest rate (%u201cEIR%u201d) method and are subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired.Super Turtle Public Company Limited 126Introduction Nature of Business Business Performance Corporate Information Corporate Governance Financial Report Attachment