PRG Holdings Berhad Annual Report 2017

• Annual Report 2017 119 12. DEFERRED TAX (ASSETS)/LIABILITIES (a) The deferred tax (assets)/liabilities are made up of the following: Group 2017 2016 RM’000 RM’000 Balance as at 1 January 525 1,164 Recognised in profit or loss (Note 26) (1,379) (639) Exchange differences 1 - Balance as at 31 December (853) 525 Presented after appropriate offsetting: Deferred tax assets, net (1,710) (564) Deferred tax liabilities, net 857 1,089 (853) 525 (b) The components and movements of deferred tax (assets)/liabilities during the financial year are as follows: Deferred tax liabilities of the Group Property, plant and equipment Others Total RM’000 RM’000 RM’000 At 1 January 2016 1,257 (78) 1,179 Recognised in profit or loss (166) 76 (90) At 31 December 2016/1 January 2017 1,091 (2) 1,089 Recognised in profit or loss (234) 2 (232) At 31 December 2017 857 - 857 Deferred tax assets of the Group Other deductible temporary differences Total RM’000 RM’000 At 1 January 2016 (15) (15) Recognised in profit or loss (549) (549) At 31 December 2016/1 January 2017 (564) (564) Recognised in profit or loss (1,147) (1,147) Exchange differences 1 1 At 31 December 2017 (1,710) (1,710) N O T E S T O T H E F I N A N C I A L S T A T E M E N T S 3 1 D E C E M B E R 2 0 1 7 ( C O N T ’ D )