PRG Holdings Berhad Annual Report 2019

PRG HOLDINGS BERHAD 138 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 cont’d 14. DEFERRED TAX (ASSETS)/LIABILITIES (continued) (b) The components and movements of deferred tax (assets)/liabilities during the financial year are as follows: Deferred tax assets of the Group Other deductible temporary differences Total RM’000 RM’000 At 1 January 2018 (5,677) (5,677) Recognised in profit or loss 713 713 At 31 December 2018/1 January 2019 (4,964) (4,964) Effects of adoption of MFRS 16 (Note 5.1) (17) (17) Restated balance as at 1 January 2019 (4,981) (4,981) Recognised in profit or loss 1,782 1,782 Reclassified to assets held for sale 2,818 2,818 At 31 December 2019 (381) (381) Deferred tax liabilities of the Group Property, plant and equipment Intangible assets Others Total RM’000 RM’000 RM’000 RM’000 At 1 January 2018 857 - - 857 Recognised in profit or loss (114) - 4 (110) At 31 December 2018/1 January 2019 743 - 4 747 Acquisition of subsidiaries - 1,248 - 1,248 Recognised in profit or loss (13) (64) 6 (71) Translation adjustments - (30) - (30) At 31 December 2019 730 1,154 10 1,894 (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 2019 2018 RM’000 RM’000 Unabsorbed capital allowances 1,958 1,301 Other temporary differences 725 690 Unused tax losses - No expiry date 3,301 - - Expired by 31 December 2025 5,319 5,319 - Expired by 31 December 2026 6,226 - 17,529 7,310