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 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Deferred tax assets 193,214 1,511 191,773 – Deferred tax liabilities – (74,445) – (74,445) 193,214 (72,934) 191,773 (74,445) Deferred tax assets: Provisions for expenses 26,301 32,505 26,393 32,520 Financing, advances and others 104,763 86,457 104,763 86,457 Lease liabilities 25,795 24,673 25,768 24,646 FVOCI Reserves 46,292 – 46,292 – Tax losses 1,510 1,510 – – Unabsorbed capital allowances 10 – – – Offsetting (11,457) (143,634) (11,443) (143,623) Total deferred tax assets 193,214 1,511 191,773 – Deferred tax liabilities: Property and equipment (11,457) (6,370) (11,443) (6,359) FVOCI Reserves – (48,379) – (48,379) Deferred income from moratorium – (163,330) – (163,330) Offsetting 11,457 143,634 11,443 143,623 Total deferred tax liabilities – (74,445) – (74,445) BANK I SLAM MALAYS IA BERHAD NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2021 276
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