Download (PDF) - ChartNexus

Masterskill Education Group Berhad / Annual Report 2012
87
NOTES TO THE FINANCIAL STATEMENTS (CONT’D)
11. DEFERRED TAx ASSETS/(lIABIlITIES)
Recognised deferred tax assets/(liabilities)
Deferred tax assets and liabilities are attributable to the following:
Assets liabilities Net
31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011
Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000
Property, plant
and equipment
Unutilised
investment tax
– – – (10,282) (11,160) (12,057) (10,282) (11,160) (12,057)
allowance
Unabsorbed
capital
1,577 3,494 2,253 – – – 1,577 3,494 2,253
allowance
Unutilised tax
8,475 – – – – – 8,475 – –
losses
Net tax assets/
230 – – – – – 230 – –
(liabilities) 10,282 3,494 2,253 (10,282) (11,160) (12,057) – (7,666) (9,804)
unrecognised deferred tax assets
Deferred tax assets have not been recognised in respect of the following item (stated as gross):
31.12.2012 31.12.2011 1.1.2011
Rm’000 Rm’000 Rm’000
Unutilised investment tax allowances 24,310 –
–
Unutilised tax losses 655 237 –
24,965 237 –
The unutilised tax losses do not expire under current tax legislation.
Deferred tax assets have not been recognised in respect of this item because it is not probable that sufficient taxable profit will
be available against which the subsidiary can utilise the benefits there from.
movement in temporary differences during the year
Recognised At Recognised
At in profit 31.12.2011/ in profit At
1.1.2011 or loss 1.1.2012 or loss 31.12.2012
Rm’000 Rm’000 Rm’000 Rm’000 Rm’000
(Note 17) (Note 17)
Property, plant and equipment (12,057) 897 (11,160) 878 (10,282)
Unutilised investment tax allowance 2,253 1,241 3,494 (1,917) 1,577
Unabsorbed capital allowance –
–
– 8,475 8,475
Unutilised tax losses – – – 230 230
(9,804) 2,138 (7,666) 7,666 –