Yinson Annual Report 2020

293 Annual Report 2020 35. Deferred taxation (CONTINUED) The components and movements of deferred taxes during the financial year are as follows: Tax losses Accelerated capital allowances and others Total Group RM’000 RM’000 RM’000 At 1 February 2018 - (42) (42) Recognised in profit or loss - (498) (498) Exchange differences - (6) (6) At 31 January 2019 and 1 February 2019 - (546) (546) Recognised in profit or loss 960 (898) 62 Exchange differences 211 4 215 At 31 January 2020 1,171 (1,440) (269) As at the reporting date, the Group had unabsorbed tax losses of approximately RM743,000 (2019: unabsorbed tax losses and unutilised capital allowance of approximately RM4,313,000 and RM17,667,000 respectively) that are available to offset against future taxable profits of the respective subsidiaries in which these unabsorbed tax losses and unabsorbed capital allowances arose, for which no deferred tax asset is recognised due to uncertainty of its recoverability. 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. The tax losses have no expiry date.