FGV Annual Report 2014

48 Deferred Taxation (continued) Group Company 2014 2013 2014 2013 RM’000 RM’000 (Restated) RM’000 RM’000 At 1 January 537,546 1,388,249 21,257 6,435 Acquisition of subsidiaries (21,486) (641,426) – – Credited/(charged) to profit or loss (Note 14): – intangible assets 8,191 1,734 (508) (139) – investment properties 1,961 – (491) – – property, plant and equipment 12,232 (10,874) 181 (804) – biological assets (16,178) – – – – inventories 15,137 2,603 – – – receivables (9,437) (4,834) – – – payables 25,374 5,950 (613) 1,984 – unused tax losses 15,081 14,220 5,047 13,781 – LLA liability (40,890) (243,726) – – – others (11,838) 20,850 – – (367) (214,077) 3,616 14,822 Currency translation differences 4,708 4,800 – – At 31 December 520,401 537,546 24,873 21,257 Deferred tax assets – receivables – 9,164 – – – property, plant and equipment 35,198 28,024 – – – intangible assets 4,322 7,953 – – – inventories 9,383 5,371 – – – LLA liability 1,131,576 1,172,466 – – – payables 82,265 56,168 3,206 3,819 – unused tax losses 135,883 120,802 23,966 18,919 – others 22,734 29,741 – – Amount before offsetting 1,421,361 1,429,689 27,172 22,738 Offsetting (166,775) (148,224) (2,299) (1,481) 1,254,586 1,281,465 24,873 21,257 Felda Global Ventures Holdings Berhad pg 308 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2014