MKH Annual Report 2017

18. DEFERRED TAX ASSETS AND LIABILITIES (continued) Deferred tax assets and liabilities are attributable to the following: The Group The Company 2017 2016 2017 2016 RM RM RM RM Deferred tax assets Deductible temporary differences arising from: Property, plant and equipment 703,943 777,593 - - Land held for property development 903,700 - - - Property development costs 21,022,200 19,227,400 - - Receivables and deposits 542,128 848,425 - - Payables and accruals 9,844,330 8,416,330 - - Unused tax losses 916,800 87,900 - - 33,933,101 29,357,648 - - Deferred tax liabilities Taxable temporary differences arising from: Property, plant and equipment (1,280,692) (2,445,381) 7,504 8,904 Biological assets (7,962,805) (7,606,634) - - Investment properties (2,957,506) (2,957,506) - - Property development costs 2,220,508 1,341,908 - - Inventories 765,900 - - - Receivables and deposits (192,225) (779,257) - - Provisions 2,863,387 2,436,292 - - Payables and accruals (1,050,200) (232,960) - - Surplus arising from revaluation of land and buildings (6,835,817) (7,054,975) (71,830) (71,830) Fair value adjustment in respect of investment properties (6,656,265) (6,505,865) - - Fair value adjustment in respect of subsidiaries acquired (39,431,108) (41,634,428) - - Unused tax losses 1,137,800 893,748 - - Unabsorbed capital allowances 341,300 - - - (59,037,723) (64,545,058) (64,326) (62,926) 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 2017 150 MKH Berhad • Annual Report 2017