Sasbadi Annual Report 2019

PAGE 102 SASBADI HOLDINGS BERHAD FINANCIAL STATEMENTS (continued) 7. Other investments Group Note 2019 RM’000 Fair value through profit or loss Club membership 37 Fair value through other comprehensive income Shares quoted in Malaysia 7.1 228 265 Market value of quoted investments 228 2018 RM’000 Available-for-sale financial assets Club membership 37 Shares quoted in Malaysia 7.1 209 246 Market value of quoted investments 209 7.1 Equity investments designated at fair value through other comprehensive income At 1 September 2018, the Group designated shares quoted in Malaysia as fair value through other comprehensive income because these equity securities represent investments that the Group intends to hold for long-term strategic purposes. At 31 August 2018, these investments were previously classified as available-for-sale financial assets. 8. Deferred tax assets/(liabilities) Recognised deferred tax assets/(liabilities) Deferred tax assets/(liabilities) are attributable to the following: Assets Liabilities Net 2019 2018 2019 2018 2019 2018 Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Restated Restated Restated Property, plant and equipment - capital allowance 53 54 (206) (426) (153) (372) - revaluation - - (7,103) (7,112) (7,103) (7,112) Intangible assets - - (2,094) (2,253) (2,094) (2,253) Contract costs - - (91) (248) (91) (248) Contract liabilities 297 730 - - 297 730 Tax losses 505 419 - - 505 419 Provisions 1,790 2,604 - - 1,790 2,604 Tax assets/(liabilities) 2,645 3,807 (9,494) (10,039) (6,849) (6,232) Set off of tax (1,219) (2,098) 1,219 2,098 - - 1,426 1,709 (8,275) (7,941) (6,849) (6,232)