31. DEFERRED TAX LIABILITIES/(ASSETS) Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 At 1 January 421,015 393,707 (697) (811) Acquisition of subsidiary 29,020 – – – Recognised in profit or loss (Note 12) (93,553) 27,308 317 114 At 31 December 356,482 421,015 (380) (697) Deferred income tax as at 31 December relates to the following: Unused tax losses and Accelerated Provision unabsorbed Unrealised capital Contract for capital profit from allowances liabilities liabilities allowances transactions Others Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Group Deferred tax assets: At 1 January 2021 (1,680) (14,964) (73,273) (55,243) (39,012) (27,242) (211,414) Recognised in profit or loss (46,733) 10,869 (6,543) (38,337) (11,568) (21,653) (113,965) At 31 December 2021 (48,413) (4,095) (79,816) (93,580) (50,580) (48,895) (325,379) At 1 January 2020 9,453 (17,745) (95,836) (6,011) (39,012) (2,574) (151,725) Recognised in profit or loss (11,133) 2,781 22,563 (49,232) – (24,668) (59,689) At 31 December 2020 (1,680) (14,964) (73,273) (55,243) (39,012) (27,242) (211,414) Fair value Fair value adjustment changes to Property on business investment development combination properties costs Total RM’000 RM’000 RM’000 RM’000 Group Deferred tax liabilities: At 1 January 2021 497,653 56,994 77,782 632,429 Recognised in profit or loss – 11,592 8,820 20,412 Acquisition of subsidiaries 29,020 – – 29,020 At 31 December 2021 526,673 68,586 86,602 681,861 At 1 January 2020 497,653 5,168 42,611 545,432 Recognised in profit or loss – 51,826 35,171 86,997 At 31 December 2020 497,653 56,994 77,782 632,429 31. DEFERRED TAX LIABILITIES/(ASSETS) (CONT’D.) Deferred income tax as at 31 December relates to the following: (cont’d.) Provision for liabilities RM’000 Company Deferred tax asset: At 1 January 2021 (759) Recognised in profit or loss 316 At 31 December 2021 (443) At 1 January 2020 (900) Recognised in profit or loss 141 At 31 December 2020 (759) Accelerated capital allowances RM’000 Deferred tax liability: At 1 January 2021 62 Recognised in profit or loss 1 At 31 December 2021 63 At 1 January 2020 89 Recognised in profit or loss (27) At 31 December 2020 62 Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Presented after appropriate offsetting as follows: Deferred tax assets (150,665) (122,862) (380) (697) Deferred tax liabilities 507,147 543,877 – – 356,482 421,015 (380) (697) FINANCIAL STATEMENTS NOTES TO THE For the financial year ended 31 December 2021 Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 316 317
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