Excel Force MSC Berhad Annual Report 2016

EXCEL FORCE MSC BERHAD ANNUAL REPORT 2016 88 Notes to the Financial Statements 31 December 2016 (cont’d) 20. DEFERRED TAX LIABILITIES Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred taxes relate to the same taxation authority. The following amounts are shown in the statements of financial position: Group Company 2016 2015 2016 2015 RM RM RM RM Deferred tax liabilities 63,013 76,671 63,013 76,671 (a) The deferred tax liabilities are made up of the following: Group Company 2016 2015 2016 2015 RM RM RM RM Balance as at 1 January 76,671 346,047 76,671 305,009 Recognised in profit or loss (Note 25) (13,658) (269,376) (13,658) (228,338) Balance as at 31 December 63,013 76,671 63,013 76,671 (b) The components and movements of deferred tax liabilities during the financial year are as follows: Property, plant and equipment 2016 2015 Deferred tax liabilities of the Group RM RM Balance as at 1 January 76,671 346,047 Recognised in profit or loss (13,658) (269,376) Balance as at 31 December 63,013 76,671 Property, plant and equipment 2016 2015 Deferred tax liabilities of the Company RM RM Balance as at 1 January 76,671 305,009 Recognised in profit or loss (13,658) (228,338) Balance as at 31 December 63,013 76,671