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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
14. DEFERRED TAX (continued)
(a) The deferred tax assets and liabilities are made up of the following (continued):
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Presented after appropriate offsetting:
Deferred tax assets, net
(1,156,306) (1,262,866)
-
-
Deferred tax liabilities, net
807,498
369,628
-
-
(348,808)
(893,238)
-
-
(b) The components and movements of deferred tax liabilities and assets during the financial year prior to
offsetting are as follows:
Deferred tax liabilities of the Group
Property,
plant and
equipment
Intangible
assets
Others
Total
RM
RM
RM
RM
Balance as at 1 January 2015
4,026,806
443,970
47,085 4,517,861
Recognised in profit or loss
1,485,315
(274,958)
136,561 1,346,918
Balance as at 31 December 2015
(before offsetting)
5,512,121
169,012
183,646 5,864,779
Offsetting
(4,704,623)
(169,012)
(183,646) (5,057,281)
Balance as at 31 December 2015
(after offsetting)
807,498
-
-
807,498
Balance as at 1 January 2014
3,036,850
556,382
2,044 3,595,276
Acquisition of subsidiaries (Note 10)
360,000
-
-
360,000
Recognised in profit or loss
629,956
(112,412)
44,868
562,412
Recognised in other comprehensive
income
-
-
173
173
Balance as at 31 December 2014
(before offsetting)
4,026,806
443,970
47,085 4,517,861
Offsetting
(3,657,178)
(443,970)
(47,085) (4,148,233)
Balance as at 31 December 2014
(after offsetting)
369,628
-
-
369,628