FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 318 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 50 DEFERRED TAXATION (CONTINUED) Group Company 31.12.2016 RM'000 (Restated) 31.12.2015 RM'000 31.12.2016 RM'000 31.12.2015 RM'000 At 1 January, as previously stated 557,570 531,188 24,873 24,873 Effects of change in accounting (Note 2(i)) (438,298) (430,560) - - At 1 January, as restated 119,272 100,628 24,873 24,873 Acquisition of subsidiaries (107,090) (10,304) - - Transfer to liability held for sale 4,521 - - - Disposal of subsidiary - (18,721) - - Credited/(Charged) to profit or loss (Note 14): - intangible assets 1,461 8,997 725 448 - investment properties 2,054 2,630 - 491 - property, plant and equipment (56,930) (20,363) 1,027 (392) - biological assets - 6,450 - - - inventories 3,807 4,472 - - - receivables (3,963) 3,911 - - - payables 8,039 (14,099) (2,579) (627) - unused tax losses 16,240 66,965 (24,046) 80 - LLA liability (52,711) (13,408) - - - others 6,448 (5,736) - - (75,555) 39,819 (24,873) - Currency translation differences 5,365 7,850 - - At 31 December (53,487) 119,272 - 24,873 Deferred tax assets - receivables 10,416 10,416 - - - property, plant and equipment 7,138 5,498 4,781 - - intangible assets 8,625 7,114 1,393 - - investment properties 6,645 4,591 - - - inventories 20,837 12,880 - - - LLA liability 1,065,457 1,118,168 - - - payables 80,726 68,166 - 2,579 - unused tax losses 219,088 202,848 - 24,046 - others 24,994 21,578 - - Amount before offsetting 1,443,926 1,451,259 6,174 26,625 Offsetting (664,505) (607,368) (6,174) (1,752) 779,421 843,891 - 24,873