128 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 CONT’D 18. DEFERRED TAX (Cont’d) (b) The components and movements of deferred tax liabilities and assets during the financial year prior to offsetting are as follows: Deferred tax liabilities of the Group Property, plant and equipment Intangible assets Others Total RM RM RM RM Balance as at 1 January 2021 8,707,722 173,135 441,284 9,322,141 Recognised in profit or loss 2,415,650 (5,783) 270,013 2,679,880 Exchange differences - - (867) (867) Balance as at 31 December 2021 (before offsetting) 11,123,372 167,352 710,430 12,001,154 Offsetting (4,954,125) - (146,233) (5,100,358) Balance as at 31 December 2021 (after offsetting) 6,169,247 167,352 564,197 6,900,796 Balance as at 1 January 2020 8,817,628 168,212 939,421 9,925,261 Recognised in profit or loss (109,906) 4,923 (520,094) (625,077) Exchange differences - - 21,957 21,957 Balance as at 31 December 2020 (before offsetting) 8,707,722 173,135 441,284 9,322,141 Offsetting (4,870,647) 27,329 - (4,843,318) Balance as at 31 December 2020 (after offsetting) 3,837,075 200,464 441,284 4,478,823
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