EXCEL FORCE MSC BERHAD Annual Report 2018

95 ANNUAL REPORT 2018 18. Deferred Tax Liabilities Group and Company 2018 2017 RM RM At 1 January 37,042 63,013 Recognised in profit or loss - (8,592) Over provision in prior years (37,042) (17,379) At 31 December - 37,042 The net deferred tax assets and liabilities shown on the statements of financial position after appropriate offsetting are as follows: Group Company 2018 2017 2018 2017 RM RM RM RM Deferred tax liabilities 36,174 40,820 34,924 37,042 Deferred tax assets (36,174) (3,778) (34,924) - - 37,042 - 37,042 The components and movements of deferred tax liabilities and assets are as follows: 2018 2017 RM RM Group Deferred tax liabilities Accelerated capital allowances At 1 January 40,820 63,013 Recognised in profit or loss (7,130) (12,944) Under/(Over) provision in prior years 2,484 (9,249) At 31 December 36,174 40,820 Deferred tax assets Unused tax losses At 1 January (3,778) - Recognised in profit or loss 2,464 4,352 Over provision in prior years 64 (8,130) At 31 December (1,250) (3,778) Other At 1 January - - Recognised in profit or loss 4,666 - Under provision in prior year (39,590) - At 31 December (34,924) - Notes To The Financial Statements 31 December 2018 (cont’d)