KENANGA ANNUAL REPORT 2018

NOTES TO THE FINANCIAL STATEMENTS 31 December 2018 196 KENANGA INVESTMENT BANK BERHAD 19. DEFERRED TAXATION (CONT’D.) The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are as follows: Deferred tax liabilities of the Group: Excess of capital allowances over depreciation Total RM’000 RM’000 At 1 January 2018 (5,947) (5,947) Recognised in profit or loss (507) (507) At 31 December 2018 (6,454) (6,454) At 1 January 2017 (3,284) (3,284) Recognised in profit or loss (2,663) (2,663) At 31 December 2017 (5,947) (5,947) Deferred tax assets of the Group: Excess of capital allowances over depreciation Fair value reserve Impairment allowance and provisions Unabsorbed capital allowances and tax losses Total RM’000 RM’000 RM’000 RM’000 RM’000 At 1 January 2018 - 1,679 13,807 467 15,953 Impact of adopting MFRS 9 - (307) 408 - 101 At 1 January 2018, restated - 1,372 14,215 467 16,054 Recognised in profit or loss - - (1,757) 596 (1,161) Recognised in other comprehensive income - (1,907) - - (1,907) At 31 December 2018 - (535) 12,458 1,063 12,986 At 1 January 2017 215 2,479 10,238 193 13,125 Recognised in profit or loss (215) - 3,569 274 3,628 Recognised in other comprehensive income - (800) - - (800) At 31 December 2017 - 1,679 13,807 467 15,953