Ni Hsin Berhad Annual Report 2017

12. Deferred tax assets/(liabilities) Recognised deferred tax assets/(liabilities) Deferred tax assets and liabilities are attributable to the following: Assets Liabilities Net 2017 2016 2017 2016 2017 2016 Group RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Property, plant and equipment - 26 (3,918) (3,597) (3,918) (3,571) Provisions 43 42 - - 43 42 Unabsorbed reinvestment allowances carried forward - 65 - - - 65 Tax losses carried forward 75 59 - - 75 59 Others 170 - - (370) 170 (370) Tax assets/(liabilities) 288 192 (3,918) (3,967) (3,630) (3,775) Set off of tax (279) (157) 279 157 - - Net tax assets/(liabilities) 9 35 (3,639) (3,810) (3,630) (3,775) Deferred tax liabilities and assets are offset above where there is a legally enforceable right to set off current tax asset against current tax liability and where the deferred taxes relate to the same taxation authority. Unrecognised deferred tax assets Deferred tax assets have not been recognised in respect of the following items (stated at gross): Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Tax loss carry-forwards 215 105 - - Other deductible temporary differences 1 1 - - 216 106 - - During the financial year, RM216,000 (2016: RM106,000) unrecognised tax losses of a subsidiary that was suffering loss were not recognised as management considered it probable that future taxable profits will not be available against which they can be utilised. The unabsorbed tax losses and other deductible temporary differences do not expire under current tax legislation. Notes to the financial statements (continued) Annual Report 2017 72