FGV Audited Financial Statements 2019

200 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 51 DEFERRED TAXATION (CONTINUED) Group Company 2019 RM’000 2018 RM’000 (Restated) 2019 RM’000 2018 RM’000 (Restated) At 1 January, as previously stated (130,207) (72,004) 28,119 - Effects of adoption of MFRS 16 (Note 62) 2,882 2,347 201 327 Credited/(charged) to profit or loss (Note 16): - intangible assets 189 (1,881) - - - investment properties - 2,054 - - - property, plant and equipment 50,366 59,232 6,241 - - lease liabilities 2,897 535 277 (126) - biological assets 347 2,854 - - - inventories (1,571) (5,983) - - - receivables (6,427) (683) - - - payables 18,558 (8,228) - - - unused tax losses 40,065 (71,550) (34,838) 28,119 - LLA liability (2,847) (15,663) - - - others 8,236 (18,765) - - 109,813 (58,078) (28,320) 27,993 Currency translation differences (3,141) 410 - - At 31 December (20,653) (127,325) - 28,320 Deferred tax assets - receivables 5,750 10,671 - - - property, plant and equipment 54,346 1,569 - - - lease liabilities 5,779 2,882 478 201 - intangible assets 3,346 4,662 - - - investment properties 8,699 8,699 - - - inventories 5,738 7,709 - - - LLA liability 1,035,875 1,038,722 - - - payables 84,282 65,724 - - - unused tax losses 167,792 127,727 - 34,838 - others 9,674 12,755 - - Amount before offsetting 1,381,281 1,281,120 478 35,039 Offsetting (729,980) (673,075) (478) (6,719) 651,301 608,045 - 28,320