Yinson Annual Report 2019

189 Yinson Group Overview Strategy and Sustainability Governance Accountability Annual General Meeting 35. DEFERRED TAX LIABILITIES (CONTINUED) The components and movements of deferred tax liabilities during the financial year are as follows: Accelerated capital allowances and others Total RM’000 RM’000 At 1 February 2017 5,450 5,450 Acquisition of a subsidiary 16 16 Recognised in profit or loss (5,214) (5,214) Exchange differences (210) (210) At 31 January 2018 and 1 February 2018 42 42 Recognised in profit or loss 498 498 Exchange differences 6 6 At 31 January 2019 546 546 As at the reporting date, the Group had unutilised tax losses and unabsorbed capital allowances of approximately RM23,199,000 (2018: RM4,284,000) that are available to offset against future taxable profits of the respective subsidiaries in which these unutilised tax losses and unabsorbed capital allowances arose, for which no deferred tax asset is recognised due to uncertainty of its recoverability. The availability of unutilised capital allowances to offset against future taxable profits of the respective subsidiaries in Malaysia are subject to no substantial changes in shareholdings of those subsidiaries under the Income Tax Act, 1967 and guidelines issued by the Malaysia tax authority. The use of tax losses of subsidiaries in other countries are subject to the agreement of the tax authorities of those countries and compliance with certain provisions of the tax legislations of the countries in which the subsidiaries operate. 36. TRADE AND OTHER PAYABLES Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Current: Trade payables Third parties 112,800 30,302 – – Other payables Due to directors 1,456 1,040 1,456 1,040 Due to subsidiaries – – 1,420 612 Due to joint ventures 8,528 4,436 – – Due to associates – 595 – 590 Directors’ related companies 13 56 – 56 Sundry payables 46,121 82,495 495 577 Accruals 170,789 104,539 2,733 3,475 Deferred income 28,823 27,121 – – Deposit 11,296 81,109 – – 267,026 301,391 6,104 6,350 379,826 331,693 6,104 6,350