2018 UEM Edgenta Annual Report

32. DEFERRED TAX Group 2018 2017 RM’000 RM’000 At 1 January 34,485 8 Recognised in profit or loss 1,176 3,164 Recognised in other comprehensive income (Note 10) (61) (6,920) Disposal of a subsidiary (Note 17(e)) – 30,372 Exchange differences (11) 7,861 At 31 December 35,589 34,485 Presented after appropriate offsetting as follows: Deferred tax assets (12,963) (14,523) Deferred tax liabilities 48,552 49,008 35,589 34,485 The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are as follows: Deferred tax assets of the Group: Unused tax losses and Provisions other tax and others credits Total RM’000 RM’000 RM’000 At 1 January 2018 (23,312) (1,014) (24,326) Recognised in profit or loss 5,361 (2,751) 2,610 Recognised in other comprehensive income (61) – (61) Exchange differences 1 – 1 (18,011) (3,765) (21,776) Less: Set off with deferred tax liabilities 8,813 At 31 December 2018 (12,963) At 1 January 2017 (51,009) (10,561) (61,570) Recognised in profit or loss (3,492) 7,505 4,013 Recognised in other comprehensive income (6,920) – (6,920) Disposal of a subsidiary 28,927 2,419 31,346 Exchange differences 9,182 (377) 8,805 (23,312) (1,014) (24,326) Less: Set off with deferred tax liabilities 9,803 At 31 December 2017 (14,523) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2018 Management Discussion & Analysis UEM Edgenta Berhad Annual Report 2018 About UEM Edgenta Chairman’s Statement 226