FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 299 48 DEFERRED TAXATION (CONT’d.) The analysis of deferred tax assets and deferred tax liabilities is as follows: Group Company 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 Deferred tax assets: - Deferred tax assets to be recovered after more than 12 months 1,150,477 1,339,716 18,035 6,435 - Deferred tax assets to be recovered within 12 months 130,988 139,994 3,222 - 1,281,465 1,479,710 21,257 6,435 Deferred tax liabilities: - Deferred tax liabilities to be recovered after more than 12 months 617,629 89,025 - - - Deferred tax liabilities to be recovered within 12 months 2,563 2,436 - - 620,192 91,461 - - Deferred tax assets (net) 661,273 1,388,249 21,257 6,435 At 1 January 1,388,249 (112,784) (6,435) (7,933) Inception of LLA liability (Note 22(e)) - 1,460,673 - - Acquisition of subsidiaries (517,699) - - - Charged/(credited) to profit or loss (Note 14): - intangible assets 1,734 (131) 139 526 - property, plant and equipment (10,874) 19,437 804 (15) - inventories 2,603 2,768 - - - receivables (4,834) 15,683 - - - payables and provisions 5,950 (2,105) (1,984) (726) - tax losses 14,220 47,816 (13,781) 1,713 - LLA liability (243,726) (44,481) - - - others 20,850 1,875 - - (214,077) 40,862 (14,822) 1,498 Currency translation differences 4,800 (502) - - At 31 December 661,273 1,388,249 (21,257) (6,435)