Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad 139 27. Deferred tax liabilities/(assets) Deferred tax liabilities/(assets) as at 31 December relate to the following: As at As at As at 1 January Recognised in 31 December Recognised in 31 December 2018 profit or loss 2018 profit or loss 2019 (Note 10) (Note 10) Group RM RM RM RM RM Deferred tax liabilities Property, plant and equipment 7,909,697 1,242,441 9,152,138 (2,341,531) 6,810,607 Others 1,428,397 1,010,154 2,438,551 (1,144,564) 1,293,987 9,338,094 2,252,595 11,590,689 (3,486,095) 8,104,594 Deferred tax assets Unutilised tax credits (3,763,831) 2,164,011 (1,599,820) 334,710 (1,265,110) Provision for defect liability costs and others (5,141,739) (1,067,974) (6,209,713) 332,277 (5,877,436) (8,905,570) 1,096,037 (7,809,533) 666,987 (7,142,546) 432,524 3,348,632 3,781,156 (2,819,108) 962,048 Deferred tax assets have not been recognised in respect of the following items: 2019 2018 RM RM Unutilised tax losses 2,618,000 2,510,000 Unabsorbed capital allowance 4,000 4,000 Other temporary differences 2,372,000 1,253,000 Group NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2019 (cont’d)