FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 317 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 50 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 31.12.2016 RM'000 (Restated) 31.12.2015 RM'000 (Restated) 1.1.2015 RM'000 31.12.2016 RM'000 31.12.2015 RM'000 Subject to income tax - Deferred tax assets 779,421 843,891 824,026 - 24,873 - Deferred tax liabilities (832,908) (724,619) (723,398) - - The analysis of deferred tax assets and deferred tax liabilities is as follows: Group Company 31.12.2016 RM'000 (Restated) 31.12.2015 RM'000 (Restated) 1.1.2015 RM'000 31.12.2016 RM'000 31.12.2015 RM'000 Deferred tax assets: - Deferred tax assets to be recovered after more than 12 months 761,369 741,621 673,496 - 22,535 - Deferred tax assets to be recovered within 12 months 18,052 102,270 150,530 - 2,338 779,421 843,891 824,026 - 24,873 Deferred tax liabilities: - Deferred tax liabilities to be recovered after more than 12 months (847,837) (693,332) (588,898) - - - Deferred tax liabilities to be recovered within 12 months 14,929 (31,287) (134,500) - - (832,908) (724,619) (723,398) - - Deferred tax (liabilities)/assets (net) (53,487) 119,272 100,628 - 24,873