Page 156 - S P Setia Annual Report 2016
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154   S P Setia Berhad Group
                Annual Report 2016




          Notes To The Financial Statements

          For The Financial Year Ended 31 December 2016

          10.   AMOUNTS OWING BY JOINTLY CONTROLLED ENTITIES

              Amounts owing by jointly controlled entities included under current assets

                                                                        Group                      Company
                                                                      2016          2015          2016          2015
                                                                   RM’000         RM’000        RM’000        RM’000
               Trade accounts                                      176,504        94,350             -             -
               Unsecured advances:
               -  bearing interest at 6.0% to 10.0% (2015: 6.0% to 10.0%)
                 per annum                                         215,833        200,401      104,664         93,981
               -  interest free                                    241,332        215,542       237,013       204,969
                                                                   633,669        510,293       341,677       298,950

              The trade accounts are expected to be settled within the normal credit period. Unsecured advances are repayable on demand.



         11.   DEFERRED TAX

                                                                        Group                      Company
                                                                      2016          2015          2016          2015
                                                                   RM’000         RM’000        RM’000        RM’000
               Deferred tax assets                                 165,485        126,529          569           619
               Deferred tax liabilities                             (13,114)      (40,476)           -             -
                                                                    152,371       86,053           569           619

               At beginning of the year/period                      86,053        99,966           619             (3)
               Credited/(charged) to profit or loss                 65,984        (11,403)         (50)          622
               Exchange rate differences                               334         (2,510)           -             -
               At end of the year/period                            152,371       86,053           569           619

              The Group has recognised the deferred tax assets as it is probable that its existing construction contracts and development projects
              would generate sufficient taxable profits in future against which the deferred tax assets can be utilised.
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