MKH Annual Report 2019

172 A N N U A L R E P O R T 2 0 1 9 17. DEFERRED TAX ASSETS AND LIABILITIES (CONT’D) Deferred tax assets and liabilities are attributable to the following: The Group 30.9.2019 30.9.2018 1.10.2017 RM RM RM Deferred tax assets Deductible temporary differences arising from:  Property, plant and equipment (37,316) (23,398) 703,943  Land held for property development 1,775,900 1,241,600 903,700  Property development costs 35,518,000 34,185,400 21,022,200  Receivables and deposits 131,799 21,370 542,128  Payables and accruals 7,884,730 10,161,430 9,844,330 Unused tax losses 2,090,700 4,006,800 916,800 Unabsorbed capital allowance 18,900 9,600 - 47,382,713 49,602,802 33,933,101 Deferred tax liabilities Taxable temporary differences arising from:  Property, plant and equipment (11,554,318) (10,008,069) (9,243,497)  Investment properties (3,001,506) (3,001,706) (2,957,506)  Property development costs 62,908 2,468,208 2,220,508  Inventories 513,300 440,400 765,900  Receivables and deposits (598,100) (574,900) (192,225)  Provisions 3,348,989 2,026,421 2,863,387  Payables and accruals (796,600) (753,900) (1,050,200) Surplus arising from revaluation of  land and buildings (6,302,267) (6,498,755) (6,835,817) Fair value adjustment in respect of  investment properties (12,526,593) (13,142,593) (6,656,265) Fair value adjustment in respect of  subsidiaries acquired (34,865,468) (36,861,388) (39,431,108) Unused tax losses 353,700 840,700 1,137,800 Unabsorbed capital allowances 746,100 559,100 341,300 Unutilised reinvestment allowances 292,500 382,300 - (64,327,355) (64,124,182) (59,037,723) The Company 30.9.2019 30.9.2018 1.10.2017 RM RM RM Deferred tax liabilities Taxable temporary differences arising from:  Property, plant and equipment 4,830 6,104 7,504  Surplus arising from revaluation of   land and buildings (98,330) (98,330) (71,830) (93,500) (92,226) (64,326) The deferred tax assets and liabilities are not available for set-off as they arise from different taxable entities within the Group. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019