2019 UEM Edgenta Annual Report

232 Notes to the Financial Statements For the year ended 31 December 2019 32. DEFERRED TAX Group 2019 RM’000 2018 RM’000 At 1 January 35,589 34,485 Recognised in profit or loss 1,418 1,176 Recognised in other comprehensive income (Note 10) - (61) Disposal of a subsidiary (Note 17(e)) 73 - Exchange differences 37 (11) At 31 December 37,117 35,589 Presented after appropriate offsetting as follows: Deferred tax assets (13,274) (12,963) Deferred tax liabilities 50,391 48,552 37,117 35,589 The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are as follows: Deferred tax assets of the Group: Provisions and others RM’000 Unused tax losses and other tax credits RM’000 Total RM’000 At 1 January 2019 (18,011) (3,765) (21,776) Recognised in profit or loss 2,558 1,649 4,207 Disposal of a subsidiary 73 - 73 Exchange differences (4) - (4) (15,384) (2,116) (17,500) Less: Set off with deferred tax liabilities 4,226 At 31 December 2019 (13,274) At 1 January 2018 (23,312) (1,014) (24,326) Recognised in profit or loss 5,361 (2,751) 2,610 Recognised in other comprehensive income (61) - (61) Exchange differences 1 - 1 (18,011) (3,765) (21,776) Less: Set off with deferred tax liabilities 8,813 At 31 December 2018 (12,963)