My EG Services Berhad Annual Report 2020

ANNUAL REPORT 2020 195 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2020 (CONT’D) 30. DEFERRED TAX LIABILITIES (CONT’D) The Group has not recognised the deferred tax liabilities of the following items as the directors are of the opinion that the deferred tax liabilities will not crystalise in the foreseeable future as the business operations of which the deferred tax liabilities arose are operated by subsidiary of which MSC status has been granted. The Group 2020 2019 RM’000 RM’000 Accelerated capital allowances 7,479 1,380 Development costs (4,251) (547) 3,228 833 31. TRADE PAYABLES The normal trade credit terms granted to the Group and the Company range from cash terms to 90 (2019 - cash term to 90) days. 32. OTHER PAYABLES AND ACCRUALS The Group The Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Other payables:- Third parties 4,605 6,863 4,199 5,817 Goods and services tax payable 13 48 - - Sales and services tax payable 398 385 60 78 5,016 7,296 4,259 5,895 Accruals 21,006 21,049 2,433 7,328 Deposits 817 2,139 204 198 26,839 30,484 6,896 13,421 33. DEFERRED REVENUE The deferred revenue primarily relate to advance considerations received from customers for the rental of devices and advanced billings for other maintenance, advertising and marketing services of which the revenue will be recognised over the remaining contract term of the specific contract it relates to.