notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
15 DEFERRED TAX ASSETS/(LIABILITIES) (CONTINUED)
Group
Company
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
Subject to income tax
Deferred tax assets (before offsetting)
- Unused tax losses
4,766
4,745
-
-
- Property, plant and equipment
453
1,751
-
-
- Provisions and accruals
17,801
9,362
1,029
1,085
- Incentives
2,060
3,834
-
-
- Others
867
284
-
-
25,947
19,976
1,029
1,085
Offsetting
(6,762)
(9,539)
-
(56)
Deferred tax assets (after offsetting)
19,185
10,437
1,029
1,029
Deferred tax liabilities (before offsetting)
- Property, plant and equipment
(15,025)
(16,985)
-
(56)
- Others
(1,656)
(2,470)
-
-
(16,681)
(19,455)
-
(56)
Offsetting
6,762
9,539
-
56
Deferred tax liabilities (after offsetting)
(9,919)
(9,916)
-
-
The Group did not recognise deferred tax assets arising from the following temporary differences of certain subsidiaries as it is not probable that future taxable profit
will be available against which the deferred tax assets can be utilised in these subsidiaries.
Group
2014
2013
RM'000
RM'000
Deductible temporary differences on:
- Unused tax losses
264,195
190,430
- Unabsorbed capital allowances
44,324
29,215
- Others
26,191
24,827
334,710
244,472
Deferred tax assets not recognised
84,487
60,410
121
Wah Seong Corporation Berhad • Annual Report 2014
