BIMB Integrated Annual Report 2019

10 RETAKAFUL ASSETS Group Note 2019 2018 RM’000 RM’000 – Claims liabilities 22(a) 349,548 296,534 – Contribution liabilities 22(b) 90,634 76,884 – Actuarial liabilities 22(c) 315,614 163,719 755,796 537,137 11 STATUTORY DEPOSITS WITH BANK NEGARA MALAYSIA The non-interest bearing statutory deposits are maintained with Bank Negara Malaysia (“BNM”) in compliance with Section 26(2)(c) of the Central Bank of Malaysia Act, 2009, the amount of which are determined as set percentages of total eligible liabilities. 12 DEFERRED TAX ASSETS 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 components of deferred tax assets and liabilities during the financial year are as follows: Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Deferred tax assets: Other investments – 3,452 – – Unabsorbed capital allowances 634 1,292 10 10 Provisions 39,078 34,297 – – Tax losses 1,510 1,308 – – Expense reserves 37,702 34,394 – – Impairment allowances 33,108 26,860 – – Leases 23,142 – – – Set off of tax (57,379) (7,488) – – Total deferred tax assets 77,795 94,115 10 10 Deferred tax liabilities: Property and equipment (3,706) (6,657) – – Change in fair value reserve (53,871) (831) – – Other investments (7,869) – – – Set off of tax 57,379 7,488 – – Total deferred tax liabilities (8,067) – – – Net deferred tax assets 69,728 94,115 10 10 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (CONTINUED) 221 BIMB HOLDINGS BERHAD 199701008362 (423858-X) Shareholders’ Information Financial Statements Additional Information Disclosure Summary