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17. Deferred tax assets/(liabilities)
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax
liabilities and when deferred taxes relate to the same tax authority. The following amounts, determined after appropriate offsetting,
are shown in the statements of financial position:
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
At beginning of year
749,211 828,950 749,038 828,777
Deemed acquisition of subsidiaries (Note 12)
121,007
–
–
–
Recognised in profit or loss (Note 9)
(463,754)
(79,739)
(263,482)
(79,739)
Exchange differences
(24,538)
–
–
–
At end of year
381,926 749,211 485,556 749,038
Presented after appropriate offsetting as follows:
Deferred tax assets
486,880 749,211 485,556 749,038
Deferred tax liabilities
(104,954)
–
–
–
381,926 749,211 485,556 749,038
The movements in the deferred tax assets and liabilities of the Group and the Company during the financial year are as follows:
(a) Deferred tax assets
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
At start of financial year
749,211
828,950
749,038
828,777
Deemed acquisition of a subsidiary (Note 12)
52
–
–
–
(Charged)/credited to income statements
– Property, plant and equipment
(129,412)
342,366
(129,306)
342,366
– Unabsorbed capital allowances
(232,553)
(424,437)
(232,553)
(424,437)
– Unabsorbed investment tax allowances
60,892
(118,068)
58,125
(118,068)
– Unutilised tax losses
777
–
–
–
– Sales in advance
9,144
145,445
8,726
145,445
– Receivables
20,434
4,878
20,434
4,878
– Payables
(114,753)
–
(111,831)
–
– Derivatives
118,450
(57,219)
118,450
(57,219)
– Provisions and others
4,638
27,296
4,473
27,296
(262,383)
(79,739)
(263,482)
(79,739)
At end of financial year
486,880
749,211
485,556
749,038
[ ]
309
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS