FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 319 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 31.12.2015 RM'000 31.12.2016 RM'000 31.12.2015 RM'000 Deferred tax liabilities - intangible assets (28,968) (28,918) (1,393) (725) - property, plant and equipment (1,421,949) (1,256,289) (4,781) (1,027) - prepaid lease payments (2,306) (2,306) - - - biological assets (35,167) (35,167) - - - receivables (5,128) (1,165) - - - inventories (3,666) 484 - - - others (229) (8,626) - - Amount before offsetting (1,497,413) (1,331,987) (6,174) (1,752) Offsetting 664,505 607,368 6,174 1,752 (832,908) (724,619) - - The amount of deductible temporary differences and unused tax losses for which no deferred tax assets are recognised in the statement of financial position by certain subsidiaries as the Directors are of the view it is not probable that sufficient taxable profits will be available to allow the deferred tax assets to be utilised is as follows: Group Company 31.12.2016 RM'000 31.12.2015 RM'000 31.12.2016 RM'000 31.12.2015 RM'000 Unused tax losses 230,155 46,572 77,146 25,179