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NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2018
Kumpulan Fima Berhad (11817-V) •
Annual Report 2018
30. Deferred tax (cont’d.)
Deferred tax liabilities of the Company:
Accelerated
capital
allowances
Revaluation
on land and
building
Total
RM’000
RM’000
RM’000
At 1 April 2016
583
6,280
6,863
Recognised in profit or loss
(460)
(124)
(584)
At 31 March 2017
123
6,156
6,279
Recognised in profit or loss
(94)
(119)
(213)
At 31 March 2018
29
6,037
6,066
Deferred tax assets have not been recognised in respect of the following items:
Group
2018
2017
RM’000
RM’000
Unutilised tax losses
29,287
15,868
Unabsorbed capital allowances
9,310
7,341
38,597
23,209
The unutilised tax losses and unabsorbed capital allowances of the Group are available indefinitely against future taxable
profit of the respective entities within the Group subject to no substantial changes in shareholdings of those entities under the
Income Tax Act, 1967 and guidelines issued by the tax authority. Deferred tax assets have not been recognised in respect of
these items as they may not be used to offset taxable profit of other entities in the Group and they have arisen in entities that
have a recent history of losses.
31. Borrowings
Group
Company
2018
2017
2018
2017
RM’000
RM’000
RM’000
RM’000
Short term borrowings
Unsecured:
- Bankers’ acceptances
8,419
4,516
8,419
4,516
- Revolving credit
25,000
10,000
25,000
10,000
33,419
14,516
33,419
14,516
Maturity of borrowings
Within one year
33,419
14,516
33,419
14,516
The revolving credit facility is rolled over every three months.
The weighted average effective interest rate of the facilities during the financial year was 4.87% (2017: 4.47%) per annum.