MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS MISC BERHAD | Annual Report 2017 260 28. DEFFERED TAX (CONT'D.) Deferred tax assets of the Group: Other payables Tax losses, investment tax allowance and unabsorbed capital allowances Others Total RM'000 RM'000 RM'000 RM'000 At 1 January 2017 (7,938) (104,133) (12,912) (124,983) Recognised in income statement: In Malaysia 8,786 (47,931) (4,598) (43,743) Outside Malaysia (482) - - (482) Currency translation differences (2,131) - - (2,131) At 31 December 2017 (1,765) (152,064) (17,510) (171,339) At 1 January 2016 (7,988) (129,508) (14,233) (151,729) Recognised in income statement: In Malaysia (415) 25,375 1,321 26,281 Outside Malaysia (630) - - (630) Currency translation differences 1,095 - - 1,095 At 31 December 2016 (7,938) (104,133) (12,912) (124,983) Deferred tax assets have not been recognised in respect of the following items: Group Corporation 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Unused tax losses 6,386,927 6,601,758 6,343,915 6,558,746 Unabsorbed capital allowances 29,773 29,773 - - Unutilised investment tax allowances - 73,883 - - Others 13,680 13,680 - - 6,430,380 6,719,094 6,343,915 6,558,746