2020 UEM Edgenta Annual Report

29. DEFERRED TAX Group RM’000 2020 2019 At 1 January 37,117 35,589 Recognised in profit or loss (1,373) 1,418 Disposal of a subsidiary (Note 16(f)) – 73 Exchange differences (578) 37 At 31 December 35,166 37,117 Presented after appropriate offsetting as follows: Deferred tax assets (8,960) (13,274) Deferred tax liabilities 44,126 50,391 35,166 37,117 The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are as follows: Deferred tax assets of the Group: RM’000 Provisions and others Unused tax losses and other tax credits Total At 1 January 2020 (15,384) (2,116) (17,500) Recognised in profit or loss (740) 390 (350) Exchange differences (643) (174) (817) (16,767) (1,900) (18,667) Less: Set off with deferred tax liabilities 9,707 At 31 December 2020 (8,960) At 1 January 2019 (18,011) (3,765) (21,776) Recognised in profit or loss 2,558 1,649 4,207 Disposal of a subsidiary 73 – 73 Exchange differences (4) – (4) (15,384) (2,116) (17,500) Less: Set off with deferred tax liabilities 4,226 At 31 December 2019 (13,274) ANNUAL REPORT 2020 273 1 2 3 4 5 6 7 8