EXCEL FORCE MSC BERHAD Annual Report 2019

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2019 91 notes to the financial statements 31 december 2019 (cont’d) 19. Deferred Taxation (Cont’d) The net deferred tax assets and liabilities shown on the statements of financial position after appropriate offsetting are as follows: Group Company 2019 2018 2019 2018 RM RM RM RM Deferred tax liabilities 49,899 36,174 49,288 34,924 Deferred tax assets (49,899) (36,174) (49,288) (34,924) - - - - The components and movements of deferred tax liabilities and assets are as follows: 2019 2018 RM RM Group Deferred tax liabilities Accelerated capital allowances At 1 January 36,174 40,820 Recognised in profit or loss (7,267) (7,130) Under provision in prior years 20,992 2,484 At 31 December 49,899 36,174 Unused tax losses Other Total RM RM RM Deferred tax assets At 1 January 2019 (1,250) (34,924) (36,174) Recognised in profit or loss 613 6,654 7,267 Over/(Under) provision in prior years 26 (21,018) (20,992) At 31 December 2019 (611) (49,288) (49,899) At 1 January 2018 (3,778) - (3,778) Recognised in profit or loss 2,464 4,666 7,130 Over/(Under) provision in prior years 64 (39,590) (39,526) At 31 December 2018 (1,250) (34,924) (36,174)