TAN CHONG MOTOR HOLDINGS BERHAD
Annual Report 2014
87
NOTES TO THE FINANCIAL STATEMENTS
10. Deferred tax assets and liabilities
Recognised deferred tax assets and liabilities
Deferred tax assets and liabilities are attributable to the following:
Assets
Liabilities
Net
2014
2013
2014
2013
2014
2013
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Group
Deferred tax assets
Property, plant and equipment/
investment properties
- capital allowances
-
-
(7,153)
(6,021)
(7,153)
(6,021)
Provisions
22,346 20,622
-
-
22,346 20,622
Unabsorbed capital allowances
1,648
719
-
-
1,648
719
Tax loss carry-forwards
17,439 10,684
-
-
17,439 10,684
Other items
507
393
-
-
507
393
Tax assets/(liabilities)
41,940 32,418
(7,153)
(6,021)
34,787 26,397
Deferred tax liabilities
Property, plant and equipment/
investment properties
- capital allowances
-
-
(21,666)
(22,248)
(21,666)
(22,248)
- revaluation
-
- (138,700)
(140,292)
(138,700)
(140,292)
Provisions
7,346
2,427
-
-
7,346
2,427
Unabsorbed capital allowances
325
851
-
-
325
851
Other items
1,070
-
-
(35)
1,070
(35)
Tax assets/(liabilities)
8,741
3,278 (160,366)
(162,575)
(151,625)
(159,297)
Company
Deferred tax assets
Property, plant and equipment - capital
allowances
-
-
(21)
(37)
(21)
(37)
Provisions
4,115
4,248
-
-
4,115
4,248
Tax assets/(liabilities)
4,115
4,248
(21)
(37)
4,094
4,211
