FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 FINANCIAL STATEMENTS 295 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 48 DEFERRED TAXATION (CONTINUED) Group Company 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Deferred tax liabilities - intangible assets (16,531) (28,968) - - - property, plant and equipment (1,406,938) (1,421,949) - - - prepaid lease payments (2,306) (2,306) - - - biological assets (25,438) (35,167) - - - receivables (172) (5,128) - - - inventories (3,666) (3,666) - - - others 304 (229) - - Amount before offsetting (1,454,747) (1,497,413) - - Offsetting 655,443 664,505 - - (799,304) (832,908) - - The amount of deductible temporary differences and unused tax losses all of which have no expiry 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 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Unused tax losses 398,843 230,155 229,622 156,885 Deductible temporary differences - - 54,978 41,609 398,843 230,155 284,600 198,494 49 PAYABLES Group Company 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Trade payables 378,440 574,290 - - Other payables and accruals 837,511 885,370 39,963 40,907 Amounts due to customers on contracts (Note 50) 1,113 580 - - 1,217,064 1,460,240 39,963 40,907