27. Other reserves (cont’d.) (f) Fair value reserve This reserve records changes in available-for-sale financial assets until they are disposed off or impaired. (g) Hedging reserve Hedging reserve represents the effective portion of the gain or loss on hedging instruments in the Group’s cash flow hedges and includes the Group’s share of hedging reserve of joint ventures. (h) Currency translation reserve Currency translation reserve comprises all foreign exchange differences arising from translation of the financial statements of the Corporation and foreign operations with different functional currencies from that of the Group’s presentation currency. 28. Deferred tax Group 2016 2015 RM’000 RM’000 At 1 January (61,817) (61,410) Recognised in income statement: In Malaysia 9,159 2,008 Outside Malaysia 3,418 (2,411) 12,577 (403) Currency translation differences 1,095 (4) At 31 December (48,145) (61,817) Presented after appropriate offsetting as follows: Deferred tax assets (85,335) (92,186) Deferred tax liabilities 37,190 30,369 (48,145) (61,817) Financial Statements 277
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