KUB Malaysia Berhad Annual Report 2021

27. BORROWINGS (cont’d) The table below details changes in the Group’s liabilities arising from financing activities are those for which cash flows were, or future cash flow will be, classified in the Group’s statements of cash flows as cash flow from financing activities. Group Company 30.6.2021 31.12.2019 30.6.2021 31.12.2019 RM’000 RM’000 RM’000 RM’000 As of 1 January: Term loans 75,600 123,156 - - Hire purchase payables 602 831 116 203 Short term borrowings 28,000 46,941 - 1,000 104,202 170,928 116 1,203 Drawdown during the financial period/year: Short term borrowings 36,921 40,000 - - Repayment during the financial period/year: Term loans (4,052) (47,556) - - Hire purchase payables (543) (229) (116) (87) Short term borrowings (28,000) (58,941) - (1,000) (32,595) (106,726) (116) (1,087) Disposal of a subsidiary (Note 18) Term loan (69,814) - - - As at 30 June/31 December: Term loans 1,734 75,600 - - Hire purchase payables 59 602 - 116 Short term borrowings 36,921 28,000 - - Total 38,714 104,202 - 116 28. DEFERRED TAX LIABILITIES Group 30.6.2021 31.12.2019 RM’000 RM’000 As at 1 January 13,203 12,532 Recognised in profit or loss (Note 12) 2,513 671 As at 30 June/31 December 15,716 13,203 Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intends to settle its current tax assets and liabilities on a net basis. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes: Group 30.6.2021 31.12.2019 RM’000 RM’000 Deferred tax assets (994) (382) Deferred tax liabilities 16,710 13,585 15,716 13,203 NOTES TO THE FINANCIAL STATEMENTS 120 KUB MALAYSIA BERHAD