Page 226 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS

for the financial year ended 31 december 2020 (continUed)

12 DEFERRED TAXATION
deferred tax assets and liabilities are 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 are shown in the statements
of financial position, after offsetting:
Group Company
2020
2020 RM’000 RM’000 RM’000
2019
2019
inteGrated annUal rePort 2020 deferred tax assets (74,445) 69,728 10 – 10 –
RM’000
32,981
deferred tax liabilities
–
10
10
69,728
(41,464)
the components of deferred tax assets and liabilities during the financial year are as follows:
Group Company
220 2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000

deferred tax assets: 36,006 39,078 10 – – 10 – –
bimb holdinGS berhad 199701008362 (423858-X) tax losses (158,035) (65,446) – – – – – – – – – –
investment properties
–
1,830
10
Unabsorbed capital allowances
634
Provisions
1,510
2,726
expense reserves
37,702
39,400
33,108
impairment allowances
86,504
leases
24,540
23,142
Set off of tax
total deferred tax assets
deferred tax liabilities: 32,981 69,728 10 10
Property and equipment (7,928) (3,706) – –
change in fair value reserve (48,379) (53,871) – –
other investments (12,843) (7,869) – –
deferred income from moratorium (163,330) – – –
Set off of tax 158,035 65,446 – –
total deferred tax liabilities (74,445) – – –