Sasbadi Annual Report 2019

PAGE 103 ANNUAL REPORT 2019 FINANCIAL STATEMENTS (continued) 8. Deferred tax assets/(liabilities) (continued) Recognised deferred tax assets/(liabilities) (continued) Movement in temporary differences during the financial year: At 1.9.2017 Recognised in profit or loss (Note 20) Recognised in revaluation reserve Arising from business combinations (Note 29) At 31.8.2018 MFRS 9 adjustment (Note 30) At 1.9.2018 Recognised in profit or loss (Note 20) At 31.8.2019 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Restated Restated Restated Restated Property, plant and equipment - capital allowance (282) (88) - (2) (372) - (372) 219 (153) - revaluation (4,305) - (2,807) - (7,112) - (7,112) 9 (7,103) Intangible assets (2,435) 182 - - (2,253) - (2,253) 159 (2,094) Contract costs (241) (7) - - (248) - (248) 157 (91) Contract liabilities 728 2 - - 730 - 730 (433) 297 Tax losses 1,015 (596) - - 419 - 419 86 505 Provisions 913 1,691 - - 2,604 972 3,576 (1,786) 1,790 (4,607) 1,184 (2,807) (2) (6,232) 972 (5,260) (1,589) (6,849) Unrecognised deferred tax assets Deferred tax assets have not been recognised in respect of the following items: Group 2019 2018 RM’000 RM’000 Unutilised tax losses 2,792 142 Deferred tax assets have not been recognised in respect of these items because there is no sufficient future taxable profits available against which they can be utilised. Unutilised tax losses can be carried forward for seven consecutive years of assessment under current tax legislation.