FGV Audited Financial Statements 2019

202 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 51 DEFERRED TAXATION (CONTINUED) The amount of unused tax losses for which no deferred tax assets are recognised in the statement of financial position by certain subsidiaries of the Group and by Company as the Directors are of the view it is not probable that sufficient taxable profits will be available to allow the deferred tax assets to be utilised by year of assessment 2025 is as follows: Group Company 31.12.2019 RM’000 31.12.2018 RM’000 1.1.2018 RM’000 31.12.2019 RM’000 31.12.2018 RM’000 1.1.2018 RM’000 Unused tax losses 1,199,060 979,085 398,843 161,914 117,006 228,703 Deductible temporary differences - - - - - 40,656 1,199,060 979,085 398,843 161,914 117,006 269,359 52 PAYABLES Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Non- current liabilities Trade payables 12,000 - - - Current liabilities Trade payables 215,103 519,143 - - Other payables and accruals 691,867 708,642 39,397 35,964 906,970 1,227,785 39,397 35,964 918,970 1,227,785 39,397 35,964 Included in trade payables in non-current liabilities represent outstanding net present value of minimum lease payment made under finance lease payables. Included in the previous year’s other payables and accruals were: (i) Provision for Voluntary Separation Scheme (“VSS”) amounting to RM65,912,000 for the Group and RM971,000 for the Company. (ii) Provision for Voluntary Early Retirement Scheme (“VERS”) for the Group amounting to RM6,806,000 due to rationalisation plans carried out by the Group.