FGV Annual Report 2015

328 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 48 PROVISION FOR DEFINED BENEFIT PLAN (CONTINUED) Expected maturity analysis of undiscounted defined benefit obligation: Less than a year Between 1 – 2 years Between 2 – 5 years Over 5 years Total RM’000 RM’000 RM’000 RM’000 RM’000 Provision for defined benefit plan At 31 December 2015 1,778 4,277 9,905 148,394 164,354 At 31 December 2014 1,074 1,773 8,381 156,232 167,460 49 DEFERRED TAXATION Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when the deferred taxes relate to the same tax authority. The following amounts, determined after appropriate offsetting, are shown in the statement of financial position: Group Company 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Subject to income tax - Deferred tax assets 1,282,189 1,254,586 24,873 24,873 - Deferred tax liabilities (724,619) (723,398) - - The analysis of deferred tax assets and deferred tax liabilities is as follows: Group Company 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 (Restated) Deferred tax assets: - Deferred tax assets to be recovered after more than 12 months 1,179,919 1,104,053 22,535 22,340 - Deferred tax assets to be recovered within 12 months 102,270 150,533 2,338 2,533 1,282,189 1,254,586 24,873 24,873 Deferred tax liabilities: - Deferred tax liabilities to be recovered after more than 12 months (693,332) (588,898) - - - Deferred tax liabilities to be recovered within 12 months (31,287) (134,500) - - (724,619) (723,398) - - Deferred tax assets (net) 557,570 531,188 24,873 24,873