Al-`Aqar Healthcare REIT Annual Report 2019

06 FINANCIAL STATEMENT 146 16. DEFERRED TAX LIABILITIES The Group 2019 2018 RM RM At beginning of year 1,963,268 3,768,348 Transfer from profit or loss (Note 8) (13,724) 917,555 Transfer from other comprehensive income (Note 8) (469,198) (2,491,980) Effect of foreign currency exchange differences (27,338) (230,655) At end of year 1,453,008 1,963,268 Deferred tax liabilities (before offsetting) Temporary differences arising from revaluation of investment property 7,066,843 7,543,837 Offsetting (5,613,835) (5,580,569) Deferred tax liabilities (after offsetting) 1,453,008 1,963,268 Deferred tax assets (before offsetting) Temporary differences arising from: Accrued expenses 302 12,142 Unrealised loss on foreign exchange 3,612,381 3,197,773 Unused tax losses 2,001,152 2,370,654 5,613,835 5,580,569 Offsetting (5,613,835) (5,580,569) Deferred tax assets (after offsetting) - - The availability of the unused tax losses for offsetting against future taxable profit of the Group is subject to agreement with the tax authorities. 17. ISLAMIC FINANCING The Group The Fund 2019 2018 2019 2018 RM RM RM RM Non-current: Sukuk Ijarah - Islamic Medium Term Notes (“IMTNs”) 575,000,000 575,000,000 - - Commodity Murabahah Term Financing-i (“Commodity Murabahah”) 80,000,000 - 80,000,000 - Murabahah Tawarruq Term Financing-i (“Murabahah Tawarruq”) - 29,900,000 - 29,900,000 Notes To The Financial Statements For The Financial Year Ended 31 December 2019 (Continued)