MKH Annual Report 2020

175 MKH BERHAD 19. DEFERRED TAX ASSETS AND LIABILITIES (CONT’D) Deferred tax assets and liabilities are attributable to the following: The Group 2020 RM 2019 RM Deferred tax assets Deductible temporary differences arising from:  Property, plant and equipment 331,176 (37,316)  Land held for property development 2,154,200 1,775,900  Property development costs 28,857,280 35,518,000  Receivables and deposits 97,793 131,799  Payables and accruals 7,627,220 7,884,730 Unused tax losses 4,522,530 2,090,700 Unabsorbed capital allowance 10,330 18,900 Other temporary deductible differences 480,000 - 44,080,529 47,382,713 The Group The Company 2020 RM 2019 RM 2020 RM 2019 RM Deferred tax liabilities Taxable temporary differences  arising from:   Property, plant and  equipment (10,225,035) (11,554,318) (166) 4,830   Investment properties (3,000,806) (3,001,506) - -   Property development costs 602,708 62,908 - -   Inventories - 513,300 - -   Receivables and deposits (541,300) (598,100) - -   Provisions 3,499,353 3,348,989 - -   Payables and accruals (824,500) (796,600) - - Surplus arising from revaluation  of land and buildings (7,083,350) (6,302,267) (114,262) (98,330) Fair value adjustment in respect  of investment properties (11,310,093) (12,526,593) - - Fair value adjustment in respect  of subsidiaries acquired (33,307,248) (34,865,468) - - Unused tax losses 8,900 353,700 - - Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2020