EXCEL FORCE MSC BERHAD Annual Report 2020

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2020 100 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 28. DEFERRED TAXATION (CONT’D) The components and movements of deferred tax liabilities and assets are as follows: Accelerated capital allowances 2020 2019 RM RM Group Deferred tax liabilities At 1 January 49,899 36,174 Recognised in profit or loss 48,074 (7,267) Under provision in prior years 13,965 20,992 At 31 December 111,938 49,899 Unused tax losses Other Total RM RM RM Deferred tax assets At 1 January 2020 (611) (49,288) (49,899) Recognised in profit or loss (41,092) (6,982) (48,074) Under provision in prior years - (13,965) (13,965) At 31 December 2020 (41,703) (70,235) (111,938) 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) Accelerated capital allowances 2020 2019 RM RM Company Deferred tax liability At 1 January 49,288 34,924 Recognised in profit or loss 6,982 (6,628) Under provision in prior years 13,965 20,992 At 31 December 70,235 49,288 Others 2020 2019 RM RM Deferred tax asset At 1 January (49,288) (34,924) Recognised in profit or loss (6,982) 6,628 Under provision in prior years (13,965) (20,992) At 31 December (70,235) (49,288)