Excel Force MSC Berhad Annual Report 2015

NOTES TO THE FINANCIAL STATEMENTS 31 December 2015 (cont’d) E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 5 87 21. DEFERRED TAX LIABILITIES (continued) (a) The deferred tax liabilities are made up of the following: Group Company 2015 2014 2015 2014 RM RM RM RM Balance as at 1 January 346,047 880,128 305,009 880,128 Acquisition of a subsidiary (Note 34) - 12,800 - - Recognised in profit or loss (Note 26) (269,376) (546,881) (228,338) (575,119) Balance as at 31 December 76,671 346,047 76,671 305,009 (b) The components and movements of deferred tax liabilities during the financial year are as follows: Property, plant and equipment 2015 2014 Deferred tax liabilities of the Group RM RM Balance as at 1 January 346,047 880,128 Acquisition of a subsidiary (Note 34) - 12,800 Recognised in profit or loss (269,376) (546,881) Balance as at 31 December 76,671 346,047 Property, plant and equipment 2015 2014 Deferred tax liabilities of the Company RM RM Balance as at 1 January 305,009 880,128 Recognised in profit or loss (228,338) (575,119) Balance as at 31 December 76,671 305,009 (c) The amounts of temporary differences for which no deferred tax assets have been recognised in the statements of financial position are as follows: Group 2015 2014 RM RM Other temporary differences (196,433) (101,489) Unused tax losses 3,525,814 3,383,415 Unabsorbed capital allowances 178,836 201,078 3,508,217 3,483,004 Deferred tax assets of certain subsidiaries have not been recognised in respect of these items as it is not probable that taxable profit will be available against which the deductible temporary differences can be utilised. The deductible temporary differences do not expire under the current tax legislation.