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annual report | 2012 Gunung Capital Berhad (330171-P)<br />
78<br />
NOTES TO THE FINANCIAL STATEMENTS (cont’d)<br />
31 DECEMBER 2012<br />
19 DEFERRED TAX LIABILITIES (cont’d)<br />
The components and movements of deferred tax liabilities and deferred tax assets of the Group prior to offsetting are<br />
as follows:- (cont’d)<br />
Unabsorbed<br />
capital<br />
allowance<br />
RM<br />
Unutilised<br />
tax losses<br />
RM<br />
Deferred tax assets<br />
As at 1 January 2012 (357) (302,147) (302,504)<br />
Recognised in profit or loss 357 (67,815) (67,458)<br />
Under provision in previous years (280,328) (156,773) (437,101)<br />
As at 31 December 2012 (280,328) (526,735) (807,063)<br />
As at 1 January 2011 (1,259) - (1,259)<br />
Recognised in profit or loss 902 (302,147) (301,245)<br />
As at 31 December 2011 (357) (302,147) (302,504)<br />
The components and movements of deferred tax liability and deferred tax asset of the Company are as follows:-<br />
Deferred<br />
tax liability<br />
Accelerated<br />
capital<br />
allowance<br />
RM<br />
Deferred<br />
tax asset<br />
Unabsorbed<br />
capital<br />
allowance<br />
RM<br />
Total<br />
RM<br />
After<br />
appropriate<br />
offsetting<br />
RM<br />
As at 1 January 2012 357 (357) -<br />
Recognised in profit or loss (357) 357 -<br />
As at 31 December 2012 - - -<br />
As at 1 January 2011 1,259 (1,259) -<br />
Recognised in profit or loss (902) 902 -<br />
As at 31 December 2011 357 (357) -<br />
As at the end of the reporting period, deferred tax assets have not been recognised in respect of the following<br />
items:-<br />
Group Company<br />
Unutilised tax losses 7,902,800 11,307,966 593,829 593,829<br />
Unabsorbed capital allowance 19,245 1,140,556 19,245 19,245<br />
2012<br />
RM<br />
2011<br />
RM<br />
2012<br />
RM<br />
2011<br />
RM<br />
7,922,045 12,448,522 613,074 613,074<br />
The unutilised tax losses and unabsorbed capital allowance, which do not expire under current tax legislations, are<br />
available for offset against the future taxable profits deriving from the same source of the respective companies in<br />
the Group and of the Company.