MKH Annual Report 2018

152 MKH Berhad Annual Report 2018 18. DEFERRED TAX ASSETS AND LIABILITIES (Cont’d) Deferred tax assets and liabilities are attributable to the following: The Group The Company 2018 2017 2018 2017 RM RM RM RM Deferred tax assets Deductible temporary di erences arising from: Property, plant and equipment (23,398) 703,943 - - Land held for property development 1,241,600 903,700 - - Property development costs 34,185,400 21,022,200 - - Receivables and deposits 21,370 542,128 - - Payables and accruals 10,161,430 9,844,330 - - Unused tax losses 4,006,800 916,800 - - Unabsorbed capital allowance 9,600 - - - 49,602,802 33,933,101 - - Deferred tax liabilities Taxable temporary di erences arising from: Property, plant and equipment (1,999,320) (1,280,692) 6,104 7,504 Biological assets (8,008,749) (7,962,805) - - Investment properties (3,001,706) (2,957,506) - - Property development costs 2,468,208 2,220,508 - - Inventories 440,400 765,900 - - Receivables and deposits (574,900) (192,225) - - Provisions 2,026,421 2,863,387 - - Payables and accruals (753,900) (1,050,200) - - Surplus arising from revaluation of land and buildings (6,498,755) (6,835,817) (98,330) (71,830) Fair value adjustment in respect of investment properties (13,142,593) (6,656,265) - - Fair value adjustment in respect of subsidiaries acquired (36,861,388) (39,431,108) - - Unused tax losses 840,700 1,137,800 - - Unabsorbed capital allowances 559,100 341,300 - - Unutilised reinvestment allowances 382,300 - - - (64,124,182) (59,037,723) (92,226) (64,326) The deferred tax assets and liabilities are not available for set-o as they arise from di erent taxable entities within the Group. FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018 NOTES TO THE FINANCIAL STATEMENTS