Sasbadi Annual Report 2020

SASBADI HOLDINGS BERHAD 104 FINANCIAL STATEMENTS (continued) 8. Deferred tax assets/(liabilities) (continued) Movement in temporary differences during the financial year: Group At 1.9.2018 Recognised in profit or loss (Note 23) At 31.8.2019/ 1.9.2019 Recognised in profit or loss (Note 23) Recognised in revaluation reserve At 31.8.2020 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Property, plant and equipment - capital allowance (372) 219 (153) (88) - (241) - revaluation (7,112) 9 (7,103) 14 98 (6,991) Right-of-use assets - - - (546) - (546) Lease liabilities - - - 559 - 559 Intangible assets (2,253) 159 (2,094) 203 - (1,891) Contract costs (248) 157 (91) (19) - (110) Contract liabilities 730 (433) 297 35 - 332 Unutilised tax losses 419 86 505 792 - 1,297 Provisions 3,576 (1,786) 1,790 (135) - 1,655 (5,260) (1,589) (6,849) 815 98 (5,936) Unrecognised deferred tax assets Deferred tax assets have not been recognised in respect of the following items: Group 2020 2019 RM’000 RM’000 Unutilised tax losses 4,423 2,782 Unabsorbed capital allowance 493 - Contract liabilities 558 - Provisions 1,186 14 6,660 2,796 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 whilst the unabsorbed capital allowances do not expire under the current tax legislation. These items are subject to the agreement of the Inland Revenue Board.