Page 157 - S P Setia Annual Report 2016

 

 

 

 

 

Page 157 - S P Setia Annual Report 2016
P. 157

S P Setia Berhad Group                                                                                155
          Annual Report 2016




                                                                               Notes To The Financial Statements

                                                                                  For The Financial Year Ended 31 December 2016

          11.   DEFERRED TAX (CONT’D.)

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

                                                                        Group                      Company
                                                                      2016          2015          2016          2015
                                                                   RM’000         RM’000        RM’000        RM’000
               Tax effects of:
               -  unabsorbed capital allowances                      3,612         1,086             -             -
               -  unutilised tax losses                             22,520        25,250             -             -
               -  property development and construction profits    113,206         68,776            -             -
               -  excess of capital allowances claimed over accumulated
                 depreciation on property, plant and equipment      (13,058)       (9,725)           -             (5)
               -  others                                            26,091           666           569           624
                                                                    152,371       86,053           569           619

              Unutilised tax losses, unabsorbed capital allowances and other temporary differences exist as at 31 December of which deferred tax
              assets have not been recognised in the financial statements are as follows:

                                                                                                     Group
                                                                                                  2016          2015
                                                                                                RM’000        RM’000
               Unutilised tax losses                                                            80,189         66,400
               Unabsorbed capital allowances                                                      1,290         1,858
               Others                                                                            17,240        10,661
                                                                                                 98,719        78,919

              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.
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