FORGING AHEAD - Tradewinds Plantation Berhad

26. DEFERRED TAX (continued)
Recognised deferred tax assets and liabilities (continued)
(b) The components of deferred tax assets and liabilities at the end of the financial year comprise the tax effects of:
Deferred tax assets
Group Company
2010 2009 2010 2009
RM’000 RM’000 RM’000 RM’000
Liability portion of ICULS 5,196 6,034 5,196 6,034
Unabsorbed tax losses 43,739 40,805 - -
Unutilised capital and agriculture allowances 111,847 94,668 - -
Other deductible temporary differences 134 110 125 94
Deferred tax assets (before offsetting) 160,916 141,617 5,321 6,128
Offsetting (141,451) (119,074) (330) (302)
Deferred tax assets (after offsetting) 19,465 22,543 4,991 5,826
Deferred tax liabilities
FINANCIAL STATEMENTS
Excess of capital and agriculture allowances over
corresponding depreciation (234,639) (200,943) (330) (302)
Fair value adjustment on property, plant and
equipment (231,523) (240,232) - -
Deferred tax liabilities (before offsetting) (466,162) (441,175) (330) (302)
Offsetting 141,451 119,074 330 302
Deferred tax liabilities (after offsetting) (324,711) (322,101) - -
TRADEWINDS PLANTATION BERHAD
Annual Report 2010
183