UEM EDGENTA BERHAD ANNUAL REPORT 2021 1 2 3 4 5 6 7 271 270 NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS 29. DEFERRED TAX Group 2021 RM’000 2020 RM’000 At 1 January 35,166 37,117 Recognised in statement of comprehensive income 3,951 (1,373) Exchange differences 134 (578) At 31 December 39,251 35,166 Presented after appropriate offsetting as follows: Deferred tax assets (8,141) (8,960) Deferred tax liabilities 47,392 44,126 39,251 35,166 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: Provisions and others RM’000 Unused tax losses and other tax credits RM’000 Total RM’000 At 1 January 2021 (16,767) (1,900) (18,667) Recognised in statement of comprehensive income 7,717 (6,930) 787 Exchange differences (69) - (69) (9,119) (8,830) (17,949) Less: Set off with deferred tax liabilities 9,808 At 31 December 2021 (8,141) At 1 January 2020 (15,384) (2,116) (17,500) Recognised in statement of comprehensive income (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) 29. DEFERRED TAX (CONTD.) The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are as follows: (contd.) Deferred tax liabilities of the Group: Property, plant and equipment RM’000 Intangible assets RM’000 Concession receivable and others RM’000 Total RM’000 At 1 January 2021 1,650 24,950 27,233 53,833 Recognised in statement of comprehensive income 3,965 (2,897) 2,096 3,164 Exchange differences - 203 - 203 5,615 22,256 29,329 57,200 Less: Set off with deferred tax assets (9,808) At 31 December 2021 47,392 At 1 January 2020 2,621 27,595 24,401 54,617 Recognised in statement of comprehensive income (971) (2,884) 2,832 (1,023) Exchange differences - 239 - 239 1,650 24,950 27,233 53,833 Less: Set off with deferred tax assets (9,707) At 31 December 2020 44,126 The Group offsets tax assets and liabilities if and only if it has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same tax authority.
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