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160 | S P SETIA BERHAD GROUP | Annual Report 2014

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

13. DEFERREDTAX ASSETS (CONT’D)

The temporary differences on which deferred tax assets have been recognised are as follows:

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Tax effects of:

- unabsorbed capital allowances

3,686

462

-

-

- unutilised tax losses

20,047

29,062

-

-

- property development and construction profits

127,624

143,170

-

23

- excess of capital allowances claimed over

accumulated depreciation on property, plant and equipment

(5,745)

(5,733)

-

(17)

- others

27,094

25,886

-

-

172,706

192,847

-

6

Unutilised tax losses, unabsorbed capital allowances and other temporary differences exist as at 31 October of which deferred tax

assets have not been recognised in the financial statements are as follows:

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Unutilised tax losses

93,637

72,484

-

-

Unabsorbed capital allowances

1,786

1,633

-

-

Excess of capital allowances claimed over accumulated depreciation

on property, plant and equipment

(25)

(113)

-

-

Others

134

102

-

-

95,532

74,106

-

-

Deferred tax assets of certain subsidiaries have not been recognised in respect of these items as it is not probable that taxable profits

of the subsidiaries would be available against which the deductible temporary differences could be utilised.