PRG Holdings Berhad Annual Report 2018

12. DEFERRED TAX (ASSETS)/LIABILITIES (a) The deferred tax (assets)/liabilities are made up of the following: Group 2018 2017 RM’000 RM’000 Balance as at 1 January (4,820) (65) Recognised in profit or loss (Note 26) 603 (4,756) Exchange differences - 1 Balance as at 31 December (4,217) (4,820) Presented after appropriate offsetting: Deferred tax assets, net (4,964) (5,677) Deferred tax liabilities, net 747 857 (4,217) (4,820) (b) The components and movements of deferred tax (assets)/liabilities during the financial year are as follows: Deferred tax assets of the Group Other deductible temporary differences Total RM’000 RM’000 At 1 January 2017 (564) (564) Effects of adoption of MFRS 15 (590) (590) Restated balance as at 1 January 2017 (1,154) (1,154) Recognised in profit or loss (4,524) (4,524) Exchange differences 1 1 At 31 December 2017/1 January 2018 (5,677) (5,677) Recognised in profit or loss 713 713 At 31 December 2018 (4,964) (4,964) 127 PRG HOLD I NGS BERHAD notes to the financial statements 31 December 2018 (continued)