2018 UEM Edgenta Annual Report

32. DEFERRED TAX (CONT’D.) The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are as follows: (cont’d.) Deferred tax liabilities of the Group: Property, plant and Intangible Concession equipment assets receivable Total RM’000 RM’000 RM’000 RM’000 At 1 January 2018 7,276 34,176 17,359 58,811 Recognised in profit or loss (776) (3,544) 2,886 (1,434) Exchange differences – (12) – (12) 6,500 30,620 20,245 57,365 Less: Set off with deferred tax assets (8,813) At 31 December 2018 48,552 At 1 January 2017 6,329 37,890 17,359 61,578 Recognised in profit or loss 2,300 (3,149) – (849) Disposal of a subsidiary (974) – – (974) Exchange differences (379) (565) – (944) 7,276 34,176 17,359 58,811 Less: Set off with deferred tax assets (9,803) At 31 December 2017 49,008 The Group offsets tax assets and liabilities if and only if it has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same tax authority. Deferred tax assets have not been recognised in respect of the following items: Malaysian Companies Group 2018 2017 RM’000 RM’000 Unused tax losses 37,140 34,079 Unabsorbed capital allowances 383 238 Others 3,376 3,124 40,899 37,441 Deferred tax of 24% 9,816 8,986 Financial Review Stakeholder Information AGM Information 227 Governance Review of Sustainability Activities