FGV Audited Financial Statements 2020

50 PROVISION FOR DEFINED BENEFIT PLAN (continued) Expected maturity analysis of undiscounted defined benefit obligation: Less than a year RM’000 Between 1 - 2 years RM’000 Between 2 - 5 years RM’000 Over 5 years RM’000 Total RM’000 Provision for defined benefit plan At 31 December 2020 1,533 2,068 9,498 119,686 132,785 At 31 December 2019 1,948 2,995 14,116 154,006 173,065 51 DEFERRED TAXATION 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 the deferred taxes relate to the same tax authority. The following amounts, determined after appropriate offsetting, are shown in the statement of financial position: Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Subject to income tax - Deferred tax assets 526,672 651,301 - - - Deferred tax liabilities (635,501) (671,954) - - The analysis of deferred tax assets and deferred tax liabilities is as follows: Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Deferred tax assets: - Deferred tax assets to be recovered after more than 12 months 526,224 543,994 - - - Deferred tax assets to be recovered within 12 months 448 107,307 - - 526,672 651,301 - - Deferred tax liabilities: - Deferred tax liabilities to be recovered after more than 12 months (606,501) (672,275) - - - Deferred tax liabilities to be recovered within 12 months (29,000) 321 - - (635,501) (671,954) - - Deferred tax liabilities (net) (108,829) (20,653) - - 174 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020