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Notes to the
Financial Statements
As at 31 March 2019
30. Deferred tax (cont’d.)
Deferred tax liabilities/(assets) of the Company:
Accelerated
Provision
capital
for
allowances
liabilities
Total
RM’000
RM’000
RM’000
At 1 April 2017
6,505
(226)
6,279
Recognised in profit or loss
(149)
(64)
(213)
At 31 March 2018
6,356
(290)
6,066
Recognised in profit or loss
(117)
(92)
(209)
At 31 March 2019
6,239
(382)
5,857
Deferred tax assets have not been recognised in respect of the following items:
Group
2019
2018
RM’000
RM’000
Unutilised tax losses
67,371
63,255
Unabsorbed capital allowances
31,424
28,114
Unabsorbed reinvestment allowances
1,528
183
100,323
91,552
The 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.
Effective from year of assessment 2019 as announced in the Malaysia Annual Budget 2019, the unutilised tax
losses of the Group as at 31 March 2019 and thereafter will only be available for carry forward for a period of
7 consecutive years. Upon expiry of the 7 years, the unutilised tax losses will be disregarded.
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.
financial
statements
179