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17. Deferred tax assets/(liabilities) (cont’d.)
The movements in the deferred tax assets and liabilities of the Group and the Company during the financial year are as follows:
(cont’d.)
(b) Deferred tax liabilities
Group
2017
RM’000
2016
RM’000
Deemed acquisition of subsidiaries (Note 12)
120,955
–
Credited/(charged) to income statements
– Property, plant and equipment
1,736
–
– Unutilised tax losses
(193,037)
–
– Finance lease
(12,040)
–
– Provision for retirement benefits
2,230
–
– Others
(260)
–
(201,371)
–
Exchange differences
(24,538)
–
At end of financial year
(104,954)
–
Deferred tax assets (before offsetting)
Property, plant and equipment
1,736
–
Provision for retirement benefits
15,599
–
Unutilised tax losses
22,466
–
Others
1,673
–
41,474
–
Offsetting
(41,474)
–
Deferred tax assets (after offsetting)
–
–
Deferred tax liabilities (before offsetting)
Fair value on intangible assets
(114,440)
–
Finance leases
(6,265)
–
Others
(1,185)
–
Exchange differences
(24,538)
–
(146,428)
–
Offsetting
41,474
–
Deferred tax liabilities (after offsetting)
(104,954)
–
[ ]
311
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS