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174 | S P SETIA BERHAD GROUP | Annual Report 2014

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

26. DEFERREDTAX LIABILITIES

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

At 1 November, as restated /as previously stated

6,233

2,195

-

-

Effects of adoption of FRS 10

-

225

-

-

Effects of adoption of FRS 11

-

-

-

-

At 1 November, as restated

6,233

2,420

-

-

Recognised in profit or loss

4,562

3,813

3

-

Disposal of a subsidiary

(26)

-

-

-

At 31 October

10,769

6,233

3

-

The deferred tax liabilities on temporary differences recognised in the financial statements were as follows:

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Tax effects of :

- excess of capital allowances claimed over accumulated depreciation

on property, plant and equipment

4,506

3,342

-

-

- unutilised tax losses

(301)

(140)

-

-

- unabsorbed capital allowances

-

(381)

-

-

- other temporary differences

6,564

3,412

3

-

10,769

6,233

3

-

27. TRADE PAYABLES

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Sub-contractors’ claims

320,051

248,233

-

3,418

Retention sums

318,581

255,265

-

3,317

Others

133,535

69,057

15

19

772,167

572,555

15

6,754