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Annual Report 2020
200
Notes to the Financial Statements
As at 31 March 2020
kumpulan Fima Berhad
(197201000167)(11817-V)
34. Deferred tax (cont’d.)
Deferred tax liabilities/(assets) of the Company:
Accelerated
capital
allowances
RM’000
Provision
for
liabilities
RM’000
Total
RM’000
At 1 April 2018
6,356
(290)
6,066
Recognised in profit or loss
(117)
(92)
(209)
At 31 March 2019
6,239
(382)
5,857
Recognised in profit or loss
(101)
(5)
(106)
At 31 March 2020
6,138
(387)
5,751
Deferred tax assets have not been recognised in respect of the following items:
Group
2020
RM’000
2019
RM’000
Unutilised tax losses
87,488
67,371
Unabsorbed capital allowances
23,420
31,424
Unabsorbed reinvestment allowances
183
1,528
111,091
100,323
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.