Download PDF - ChartNexus
Download PDF - ChartNexus
Download PDF - ChartNexus
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Notes to the Financial Statements (cont’d)<br />
For the financial year ended 31 December 2011<br />
33. Deferred tax (cont’d)<br />
146<br />
Deferred tax assets (cont’d)<br />
Company<br />
Building on Success: Developing Resources for the Future<br />
Unused tax<br />
losses and<br />
unabsorbed<br />
capital<br />
allowance<br />
RM’000<br />
Other<br />
provisions<br />
RM’000<br />
Fair value<br />
changes on<br />
derivative<br />
financial<br />
instruments<br />
RM’000<br />
Total<br />
RM’000<br />
At 1 January 2011 – (1,268) (344) (1,612)<br />
Recognised in profit or loss – 52 128 180<br />
Recognised in other comprehensive income – – – –<br />
At 31 December 2011 – (1,216) (216) (1,432)<br />
At 1 January 2010 – (993) (983) (1,976)<br />
Recognised in profit or loss – (275) (136) (411)<br />
Recognised in other comprehensive income – – 775 775<br />
At 31 December 2010 – (1,268) (344) (1,612)<br />
Deferred tax assets have not been recognised in respect of the following item:<br />
2011 2010<br />
RM’000 RM’000<br />
Unutilised tax losses 53,335 84,566<br />
(a) The unutilised tax losses of the Group comprise:<br />
(i) an amount of RM53,335,000 (2010: RM48,315,000) that arose from subsidiaries in Indonesia, which is subject to<br />
agreement by the tax authorities, may be carried forward and utilised to offset future taxable income for up to five<br />
years following the year in which the tax loss occurred.<br />
(ii) The subsidiary in Australia has been disposed of during the financial year, thus no amount (2010: RM36,251,000) is<br />
available for offsetting against future taxable income of a subsidiary in Australia, which is subject to agreement by<br />
the tax authorities, may be carried forward and utilised to offset future taxable income.<br />
(b) At the reporting date, no deferred tax liability (2010: Nil) has been recognised for taxes that would be payable on the<br />
undistributed earnings of a foreign subsidiary. The Group has determined that undistributed earnings of the subsidiary<br />
will not be distributed in the foreseeable future.<br />
Such temporary differences for which no deferred tax liability has been recognised aggregate to RM122,438,000 (2010:<br />
RM136,853,000). The deferred tax liability is estimated to be RM18,366,000 (2010: RM20,528,000).