EXCEL FORCE MSC BERHAD Annual Report 2018

96 ANNUAL REPORT 2018 18. Deferred Tax Liabilities (cont’d) The components and movements of deferred tax liabilities and assets are as follows: (cont’d) 2018 2017 RM RM Company Deferred tax liabilities Accelerated capital allowances At 1 January 37,042 63,013 Recognised in profit or loss (4,666) (8,592) Under/(Over) provision in prior years 2,548 (17,379) At 31 December 34,924 37,042 Deferred tax assets Others At 1 January - - Recognised in profit or loss 4,666 - Under provision in prior year (39,590) - At 31 December (34,924) - Deferred tax assets have not been recognised in respect of the following items: Group Company 2018 2017 2018 2017 RM RM RM RM Unused tax losses 1,908,995 2,482,716 - - Other deductible temporary differences 235,607 5,726 235,607 5,726 2,144,602 2,488,442 235,607 5,726 Deferred tax assets have not been recognised in respect of these items as they have arisen from a subsidiary company which has been granted with the Pioneer Status as disclosed in Note 25. 19. Trade Payables Credit term of trade payables of the Group and of the Company ranged from 60 to 90 days (2017: 60 to 90 days) depending on the terms of the contracts. Notes To The Financial Statements 31 December 2018 (cont’d)