Sasbadi Annual Report 2020

103 ANNUAL REPORT 2020 FINANCIAL STATEMENTS (continued) 7. Other investments Group Note 2020 2019 RM’000 RM’000 Fair value through profit or loss Club membership 37 37 Fair value through other comprehensive income Shares quoted in Malaysia 7.1 190 228 227 265 Market value of quoted investments 190 228 7.1 Equity investments designated at fair value through other comprehensive income 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. 8. Deferred tax assets/(liabilities) Recognised deferred tax assets/(liabilities) Deferred tax assets/(liabilities) are attributable to the following: Assets Liabilities Net 2020 2019 2020 2019 2020 2019 Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Property, plant and equipment - capital allowance 8 53 (249) (206) (241) (153) - revaluation - - (6,991) (7,103) (6,991) (7,103) Right-of-use assets - - (546) - (546) - Lease liabilities 559 - - - 559 - Intangible assets - - (1,891) (2,094) (1,891) (2,094) Contract costs - - (110) (91) (110) (91) Contract liabilities 332 297 - - 332 297 Tax losses 1,297 505 - - 1,297 505 Provisions 1,655 1,790 - - 1,655 1,790 Tax assets/(liabilities) 3,851 2,645 (9,787) (9,494) (5,936) (6,849) Set off of tax (2,455) (1,219) 2,455 1,219 - - 1,396 1,426 (7,332) (8,275) (5,936) (6,849)