GHL System Berhad Annual Report 2019

A N N U A L R E P O R T 2 0 1 9 133 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 17. INVESTMENTS IN JOINT VENTURES AND AN ASSOCIATE (cont’d) (g) The Group does not have any associate, which is individually material to the Group for the financial year ended 31 December 2019. (h) Set out below is the financial information of all individually immaterial associate on an aggregate basis. Group 2019 2018 RM RM Carrying amounts of interests in an associate 306,557 225,873 Share of results for the financial year Share of loss (554,516) (796,615) Share of other comprehensive income - - Share of total comprehensive loss (554,516) (796,615) 18. DEFERRED TAX (a) The deferred tax assets and liabilities are made up of the following: Group Company 2019 2018 2019 2018 RM RM RM RM Balance as at 1 January 2,055,328 771,268 54,779 136,020 Acquisition of subsidiaries (Note 16) - 4,448 - - Recognised in profit or loss (Note 9) (777,393) 1,302,370 90,278 (81,241) Recognised in other comprehensive income (Note 9) (102,505) - - - Exchange differences (29,177) (22,758) - - Balance as at 31 December 1,146,253 2,055,328 145,057 54,779 Presented after appropriate offsetting: Deferred tax assets, net (3,749,323) (2,101,163) - - Deferred tax liabilities, net 4,895,576 4,156,491 145,057 54,779 1,146,253 2,055,328 145,057 54,779