Page 169 - KPJ_2011

21. 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 mnancial position:
The movement in the deferred tax assets and liabilities (prior to offsetting of balances within the same tax jurisdiction)
during the mnancial year is as follows:
The amounts of deductible temporary differences and unutilised tax losses (both of which have no expiry date) for
which no deferred tax asset is recognised on the statement of mnancial position are as follows:
Deferred tax assets 14,962 15,864
Deferred tax liabilities
- subject to income tax (47,413) (41,204)
At 31 December (32,451) (25,340)
Group
2011
RM’000
2010
RM’000
At 1 January (25,340) (8,619)
(Charged)/credited to promt or loss (Note 10):
- property, plant and equipment (2,941) (4,360)
- tax losses (4,683) (1,056)
- provisions 3,182 (115)
(4,442) (5,531)
Charged to equity - (3,036)
Deferred tax arising from acquisition (2,669) (8,154)
At 31 December (32,451) (25,340)
Subject to income tax
Deferred tax assets (before offsetting)
- tax losses 7,352 8,610
- property, plant and equipment 8,301 17,910
- provisions 10,159 3,959
25,812 30,479
Offsetting (10,850) (14,615)
Deferred tax assets (after offsetting) 14,962 15,864
Deferred tax liabilities (before offsetting)
- property, plant and equipment (58,263) (55,819)
(58,263) (55,819)
Offsetting 10,850 14,615
Deferred tax liabilities (after offsetting) (47,413) (41,204)
Group
2011
RM’000
2010
RM’000
Group
Unutilised tax losses 2,560 2,753
2011
RM’000
2010
RM’000
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2011 (continued)
ANNUAL REPORT 2011 164