PRG Holdings Berhad Annual Report 2021

13. OTHER INVESTMENT (continued) The reconciliation of the fair value of the investment in a quoted share is as follows: Group/Company 2021 2020 RM’000 RM’000 Balance as at 1 January 4,030 6,452 Fair value changes (4,030) (2,422) Balance as at 31 December - 4,030 The investment in a quoted share had been suspended since the previous financial year. 14. DEFERRED TAX (ASSETS)/LIABILITIES (a) The deferred tax (assets)/liabilities are made up of the following: Group 2021 2020 RM’000 RM’000 Balance as at 1 January 388 1,513 Acquisition of a subsidiary - (51) Recognised in profit or loss - Continuing operations 597 (1,128) Translation adjustments 51 54 Balance as at 31 December 1,036 388 Presented after appropriate offsetting: Deferred tax assets, net (224) (1,466) Deferred tax liabilities, net 1,260 1,854 1,036 388 (b) The components and movements of deferred tax (assets)/liabilities during the financial year are as follows: Deferred tax assets of the Group Other Unutilised deductible business temporary losses differences Total RM’000 RM’000 RM’000 At 1 January 2020 (15) (366) (381) Recognised in profit or loss (1,216) 181 (1,035) Acquisition of a subsidiary (51) - (51) Translation adjustments 1 - 1 At 31 December 2020/1 January 2021 (1,281) (185) (1,466) NOTES TO THE FINANCIAL STATEMENTS 139 P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 31 December 2021 (cont’d)

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