CAHYA MATA SARAWAK ANNUAL REPORT 2016

www.cmsb .com.my Cahya Mata Sarawak Berhad 156 Section 07 Financial StatementS NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2016 22. DEFERRED TAX Group Company 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 At 1 January (3,096) (11,995) 993 918 Recognised in statements of profit or loss and other comprehensive income (net) (Note 11) (1,207) 8,859 (1,030) 75 Deconsolidation of a subsidiary - 40 - - At 31 December (4,303) (3,096) (37) 993 Deferred tax assets and liabilities are offset when there is a legally enforceable right to set-off current tax assets against current tax liabilities and when the deferred income taxes relate to the same tax authority. The net deferred tax assets and liabilities shown on the statements of financial position after appropriate offsetting are as follows: Group Company 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 Deferred tax assets, net 34,989 38,709 - 993 Deferred tax liabilities, net (39,292) (41,805) (37) - (4,303) (3,096) (37) 993 Deferred tax assets and liabilities prior to offsetting are summarised as follows: Group Company 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 Deferred tax assets 76,405 74,125 - 993 Deferred tax liabilities (80,708) (77,221) (37) - (4,303) (3,096) (37) 993