Yinson Annual Report 2021

285 ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2021 35. Deferred taxation (continued) The components and movements of deferred taxes during the financial year are as follows: Tax losses Contract assets Accelerated capital allowances and others Total Group RM million RM million RM million RM million At 1 February 2019 - - (1) (1) Recognised in profit or loss 1 - (1) - Exchange differences - - 1 1 At 31 January 2020 and 1 February 2020 1 - (1) - Acquisition of a subsidiary (Note 46(b)) 1 - (2) (1) Recognised in profit or loss - (93) (1) (94) Exchange differences - 4 (1) 3 At 31 January 2021 2 (89) (5) (92) As at the reporting date, the Group had unabsorbed tax losses and unutilised capital allowances of approximately RM580 million and RM9 million (2020: unabsorbed tax losses of approximately RM231 million) 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. Except for certain unutilised tax losses of the Group amounting to RM3 million (2020: Nil) which are expected to expire between 2024 to 2028 (2020: Nil), other tax losses have no expiry date. 36. Trade and other payables Group Company 2021 2020 2021 2020 RM million RM million RM million RM million Current: Trade payables Third parties 178 148 - - Other payables Due to directors 7 1 7 1 Due to subsidiaries - - 152 603 Due to joint ventures - 3 - - Sundry payables 25 22 1 2 Accruals 558 262 3 8 Deferred income 33 52 - - Deposits 16 9 - - 639 349 163 614 817 497 163 614