KENANGA ANNUAL REPORT 2020

219 ANNUAL REPORT 2020 // 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 (cont’d.): Deferred tax assets of the Group: Fair value reserve RM’000 Impairment allowance and provisions RM’000 Unabsorbed capital allowances and tax losses RM’000 Lease liabilities RM’000 Total RM’000 At 1 January 2019 (535) 12,458 1,063 - 12,986 Recognised in profit or loss - (2,152) 144 5,625 3,617 Recognised in other comprehensive income 687 - - - 687 At 31 December 2019 152 10,306 1,207 5,625 17,290 Deferred tax liabilities of the Bank: Fair value reserve RM’000 Excess of capital allowances over depreciation RM’000 Right-of- use assets RM’000 Total RM’000 At 1 January 2020 (3,317) (5,800) (5,699) (14,816) Recognised in profit or loss - 75 578 653 Recognised in other comprehensive income (1,403) - - (1,403) At 31 December 2020 (4,720) (5,725) (5,121) (15,566) At 1 January 2019 - (6,234) - (6,234) Recognised in profit or loss - 434 (5,699) (5,265) Recognised in other comprehensive income (3,317) - - (3,317) At 31 December 2019 (3,317) (5,800) (5,699) (14,816)