GHL System Berhad Annual Report 2017

GHL SYSTEMS BERHAD 100 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017 CONT’D 17. DEFERRED TAX (cont’d) (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 Group Unabsorbed capital allowances Unused tax losses Others Total RM RM RM RM Balance as at 1 January 2017 (3,714,716) (922,527) (1,708,063) (6,345,306) Recognised in profit or loss 77,166 (76,799) 275,205 275,572 Exchange differences - - (417,384) (417,384) Balance as at 31 December 2017 (before offsetting) (3,637,550) (999,326) (1,850,242) (6,487,118) Offsetting 3,607,792 205,572 1,174,027 4,987,391 Balance as at 31 December 2017 (after offsetting) (29,758) (793,754) (676,215) (1,499,727) Balance as at 1 January 2016 (4,203,844) (958,363) (1,051,380) (6,213,587) Recognised in profit or loss 489,128 35,836 (551,968) (27,004) Exchange differences - - (104,715) (104,715) Balance as at 31 December 2016 (before offsetting) (3,714,716) (922,527) (1,708,063) (6,345,306) Offsetting 3,673,502 140,229 1,324,778 5,138,509 Balance as at 31 December 2016 (after offsetting) (41,214) (782,298) (383,285) (1,206,797) Deferred tax liabilities of the Company Property, plant and equipment Intangible assets Others Total RM RM RM RM Balance as at 1 January 2017 146,586 8,117 - 154,703 Recognised in profit or loss 39,050 11,544 - 50,594 Balance as at 31 December 2017 (before offsetting) 185,636 19,661 - 205,297 Offsetting (49,616) (19,661) - (69,277) Balance as at 31 December 2017 (after offsetting) 136,020 - - 136,020 Balance as at 1 January 2016 145,681 118,438 4,531 268,650 Recognised in profit or loss 905 (110,321) (4,531) (113,947) Balance as at 31 December 2016 (before offsetting) 146,586 8,117 - 154,703 Offsetting (146,586) (8,117) - (154,703) Balance as at 31 December 2016 (after offsetting) - - - -