Annual report 2014
117
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
14. DEFERRED TAX (continued)
(b) The components and movements of deferred tax liabilities and assets during the financial year prior to
offsetting are as follows (continued):
Deferred tax assets of the Company (continued)
Unabsorbed
capital
allowances
Unused tax
losses
Others
Total
RM
RM
RM
RM
Balance as at 1 January 2013
-
-
-
-
Recognised in profit or loss
(110,010)
(179,732)
(191,827)
(481,569)
Balance as at 31 December 2013
(before offsetting)
(110,010)
(179,732)
(191,827)
(481,569)
Offsetting
110,010
179,732
191,827
481,569
Balance as at 31 December 2013
(after offsetting)
-
-
-
-
(c) The amounts of temporary differences for which no deferred tax assets have been recognised in the
statement of financial position are as follows:
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Unused tax losses
14,925,383 10,051,912 2,009,692
-
Unabsorbed capital allowances
400,585
404,794
-
-
Other deductible temporary differences
2,841,485 2,882,778
-
-
18,167,453 13,339,484 2,009,692
-
Deferred tax assets of certain subsidiaries have not been recognised in respect of these items as it is
not probable that taxable profits of the subsidiaries would be available against which the deductible
temporary differences could be utilised.
15. INVENTORIES
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
At cost
EDC equipment
12,908,827 3,425,210
-
-
Microchips
-
1,044,837
-
1,044,837
Prepaid airtime PINS
36,111,340
-
-
-
Others
2,746,395 2,126,035 1,177,039 1,456,243
51,766,562 6,596,082 1,177,039 2,501,080
