Sasbadi Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 110 SASBADI HOLDINGS BERHAD (1022660-T) I BER AD (10 2 60-T) 12. Loans and borrowings (continued) 12.3 Bank overdrafts The bank overdrafts of the Group are secured by charges over the land and buildings (Note 3), corporate guarantees by the Group and letters of negative pledge. 12.4 Bankers’ acceptances The bankers’ acceptances are secured by charges over the land and buildings (Note 3), corporate guarantees of the Group, a third party land and building and personal guarantee from a former director of a subsidiary. 13. Deferred tax assets/(liabilities) Recognised deferred tax assets/(liabilities) Deferred tax assets/(liabilities) are attributable to the following: Assets Liabilities Net 2017 2016 2017 2016 2017 2016 Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Property, plant and equipment - capital allowance 66 30 (348) (400) (282) (370) - revaluation - - (4,305) (4,305) (4,305) (4,305) Intangible assets - - (2,435) (2,724) (2,435) (2,724) Tax losses 1,015 548 - - 1,015 548 Provisions 952 440 (39) - 913 440 Tax assets/(liabilities) 2,033 1,018 (7,127) (7,429) (5,094) (6,411) Set off of tax (664) - 664 - - - 1,369 1,018 (6,463) (7,429) (5,094) (6,411)