Kimlun Corporation Berhad Annual Report 2017

Kimlun Corporation Berhad 106 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 (cont’d) 27. Deferred tax liabilities/(assets) Deferred tax liabilities/(assets) as at 31 December relate to the following: Group As at As at As at 1 January Recognised in 31 December Recognised in 31 December 2016 profit or loss 2016 profit or loss 2017 (Note 10) (Note 10) RM RM RM RM RM Deferred tax liabilities of the Group: Property, plant and equipment 6,269,989 1,401,124 7,671,113 9,255,584 16,926,697 Others 1,263,000 1,806,855 3,069,855 (1,641,458) 1,428,397 7,532,989 3,207,979 10,740,968 7,614,126 18,355,094 Deferred tax assets of the Group: Unutilised tax credits (10,135,082) 3,025,643 (7,109,439) 3,345,608 (3,763,831) Provisions (272,030) (793,970) (1,066,000) (13,092,739) (14,158,739) (10,407,112) 2,231,673 (8,175,439) (9,747,131) (17,922,570) (2,874,123) 5,439,652 2,565,529 (2,133,005) 432,524 Group 2017 2016 RM RM Deferred tax assets (17,922,570) (8,175,439) Deferred tax liabilities 18,355,094 10,740,968 432,524 2,565,529 28. Share capital, share premium and treasury shares Number of ordinary shares Amount Share Share capital Treasury capital (Issued and shares (Issued and Share Treasury fully paid) fully paid) premium shares Total Company RM RM RM RM At 1 January 2016 300,562,500 20,000 150,281,250 37,794,538 (23,774) 188,052,014 Issuance of ordinary shares pursuant to: Dividend reinvestment plan of the Company 9,727,437 - 4,863,719 10,408,357 - 15,272,076 Share issue expenses - - - (231,879) - (231,879) At 31 December 2016 and 1 January 2017 310,289,937 20,000 155,144,969 47,971,016 (23,774) 203,092,211 Issuance of ordinary shares pursuant to: Dividend reinvestment plan of the Company 9,199,803 - 18,399,606 - - 18,399,606 Conversion of warrants 1,055,200 - 2,384,752 - - 2,384,752 Share issue expenses - - (82,522) - - (82,522) Transition to no-par value regime - - 47,971,016 (47,971,016) - - At 31 December 2017 320,544,940 20,000 223,817,821 - (23,774) 223,794,047