GHL System Berhad Annual Report 2020

135 a n n u a l r e p o r t 2 0 2 0 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 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: (cont’d) Deferred tax liabilities of the Company Property, plant and equipment Intangible assets Total RM RM RM Balance as at 1 January 2020 119,953 25,104 145,057 Recognised in profit or loss (Note 9) (85,964) 4,923 (81,041) Balance as at 31 December 2020 33,989 30,027 64,016 Balance as at 1 January 2019 167,676 16,385 184,061 Recognised in profit or loss (Note 9) (47,723) 8,719 (39,004) Balance as at 31 December 2019 119,953 25,104 145,057 Deferred tax assets of the Company Others Total RM RM Balance as at 1 January 2019 (129,282) (129,282) Recognised in profit or loss 129,282 129,282 Balance as at 31 December 2019 - - (c) The amounts of temporary differences for which no deferred tax assets have been recognised in the statements of financial position are as follows: Group Company 2020 2019 2020 2019 RM RM RM RM Unused tax losses, expired by 31 December 2025 25,097,658 26,202,382 3,288,294 3,288,294 Unused tax losses, expired by 31 December 2026 4,538,088 2,996,436 2,432,030 - Unused tax losses, expired by 31 December 2027 376,209 - - - Unabsorbed capital allowances 3,529,867 2,415,476 2,220,175 1,546,448 Other deductible temporary differences 2,133,361 2,900,613 239,772 683,502 35,675,183 34,514,907 8,180,271 5,518,244 Deferred tax assets of certain subsidiaries and of the Company have not been recognised in respect of these items as it is not probable that taxable profits of the subsidiaries and of the Company would be available against which the deductible temporary differences could be utilised.