TAN CHONG MOTOR HOLDINGS BERHAD
Annual Report 2014
89
NOTES TO THE FINANCIAL STATEMENTS
10. Deferred tax assets and liabilities (continued)
Recognised deferred tax assets and liabilities (continued)
Company movement in temporary differences for deferred tax assets during the year:
At
1.1.2013
Recognised
in profit
or loss
(Note 26)
At
31.12.2013/
1.1.2014
Recognised
in profit
or loss
(Note 26)
At
31.12.2014
RM’000
RM’000
RM’000
RM’000
RM’000
Company
Property, plant and equipment
- capital allowances
(51)
14
(37)
16
(21)
Provisions
3,990
258
4,248
(133)
4,115
3,939
272
4,211
(117)
4,094
Unrecognised deferred tax assets
Deferred tax assets have not been recognised in respect of the following items:
Group
2014
2013
RM’000
RM’000
Unabsorbed capital allowances
14,945
13,122
Tax losses carry-forwards
142,345
97,210
Provisions
13,433
13,220
170,723
123,552
Deferred tax assets not recognised at 24%
40,974
29,652
Group
Deferred tax assets have not been recognised in respect of these items because it is not probable that the respective
subsidiaries will generate sufficient future taxable profits available against which it can be utilised.
Included in tax losses carry-forwards is an amount of RM69,147,000 (VND415,469,727,000) (2013: RM25,647,000
(VND162,117,273,000)) (stated at gross) which will be expiring in financial years 2015 to 2019 for a subsidiary in Vietnam.
The remaining unabsorbed capital allowances, tax losses carry-forwards, deductible temporary differences and
provisions do not expire under current Malaysian tax legislation.
