EXCEL FORCE MSC BERHAD Annual Report 2019

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2019 92 notes to the financial statements 31 december 2019 (cont’d) 19. Deferred Taxation (Cont’d) The components and movements of deferred tax liabilities and assets are as follows (Cont’d): 2019 2018 RM RM Company Deferred tax liabilities Accelerated capital allowances At 1 January 34,924 37,042 Recognised in profit or loss (6,628) (4,666) Under provision in prior years 20,992 2,548 At 31 December 49,288 34,924 Deferred tax assets Others At 1 January (34,924) - Recognised in profit or loss 6,628 4,666 Under provision in prior years (20,992) (39,590) At 31 December (49,288) (34,924) Deferred tax assets have not been recognised in respect of the following items: Group Company 2019 2018 2019 2018 RM RM RM RM Unused tax losses 1,285,916 1,931,243 - - Other deductible temporary differences 368,154 148,138 368,154 148,138 1,654,070 2,079,381 368,154 148,138 With effect from year of assessment 2019, unused tax losses are allowed to be carried forward up to maximum of seven consecutive years of assessment under the current year legislation. The other temporary differences do not expire under current tax legislation. Deferred tax assets have not been recognised in respect of these items as they may not have sufficient taxable profits to be used to offset or they have arisen in subsidiary company that have a recent history of losses. 20. Trade Payables Credit term of trade payables of the Group and of the Company ranged from 30 to 90 days (2018: 60 to 90 days) depending on the terms of the contracts.