Page 155 - ar2010

153

notes to the

financial statements

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2010 (cont’d)

25 DEFERRED TAXATION

Deferred tax assets and liabilities were 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 on the statement of fnancial position:

Group 2010 2009 RM’000 RM’000

Deferred tax assets 15,864 13,898 Deferred tax liabilities

- subject to income tax (41,204) (22,517)

At 31 December (25,340) (8,619)

The movement in the deferred tax assets and liabilities (prior to offsetting of balances within the same tax jurisdiction) during the fnancial year is as follows:

Group 2010 2009 RM’000 RM’000

At 1 January (8,619) (3,682) (Charged)/credited to proft or loss (Note 14):

- property, plant and equipment (4,360) (2,202) - tax losses (1,056) (905) - provisions (115) (1,830)

(5,531) (4,937) Charged to equity (3,036) 0 Deferred tax arising from acquisition (8,154) 0

At 31 December (25,340) (8,619)

Subject to income tax

Deferred tax assets (before offsetting)

- tax losses 8,610 9,666 - property, plant and equipment 17,910 12,020 - provisions 3,959 4,074

30,479 25,760 Offsetting (14,615) (11,862)

Deferred tax assets (after offsetting) 15,864 13,898

Deferred tax liabilities (before offsetting)

- property, plant and equipment (55,819) (34,379)

(55,819) (34,379) Offsetting 14,615 11,862

Deferred tax liabilities (after offsetting) (41,204) (22,517)