Bank Islam Integrated Annual Report 2020

11. DEFERRED TAX ASSETS Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when the deferred taxes relate to the same tax authority. The components of deferred tax assets and liabilities during the financial year are as follows: Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Deferred tax assets 1,511 33,774 – 32,268 Deferred tax liabilities (74,445) – (74,445) – (72,934) 33,774 (74,445) 32,268 Deferred tax assets: Provisions 32,505 33,347 32,520 33,347 Impairment allowances 86,457 33,108 86,457 33,108 Leases 24,673 23,142 24,646 23,142 Tax losses 1,510 1,510 – – Offsetting (143,634) (57,333) (143,623) (57,329) Total deferred tax assets 1,511 33,774 – 32,268 Deferred tax liabilities: Property and equipment (6,370) (3,462) (6,359) (3,458) Change in fair value reserves (48,379) (53,871) (48,379) (53,871) Deferred income from moratorium (163,330) – (163,330) – Offsetting 143,634 57,333 143,623 57,329 Total deferred tax liabilities (74,445) – (74,445) – Notes to the financial statements for the financial year ended 31 December 2020 232 Financ ial Statement s Accountabi l i t y Addi t ional Informat ion