GHL System Berhad Annual Report 2019

G H L S Y S T E M S B E R H A D 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) 134 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 18. 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: Deferred tax liabilities of the Group Property, plant and equipment Intangible assets Others Total RM RM RM RM Balance as at 1 January 2019 8,753,701 159,492 13,687 8,926,880 Recognised in profit or loss 63,927 8,720 919,303 991,950 Exchange differences - - 6,431 6,431 Balance as at 31 December 2019 (before offsetting) 8,817,628 168,212 939,421 9,925,261 Offsetting (5,003,135) (26,550) - (5,029,685) Balance as at 31 December 2019 (after offsetting) 3,814,493 141,662 939,421 4,895,576 Balance as at 1 January 2018 7,041,235 162,768 54,383 7,258,386 Recognised in profit or loss 1,712,466 (3,276) (40,696) 1,668,494 Balance as at 31 December 2018 (before offsetting) 8,753,701 159,492 13,687 8,926,880 Offsetting (4,597,210) (159,492) (13,687) (4,770,389) Balance as at 31 December 2018 (after offsetting) 4,156,491 - - 4,156,491