FGV Audited Financial Statements 2020

51 DEFERRED TAXATION (CONTINUED) Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 At 1 January (20,653) (127,325) - 28,320 Acquisition of a subsdiary (Note 24(b)) 563 - - - Credited/(charged) to profit or loss (Note 16): - intangible assets (918) 189 - - - investment properties - - - - - property, plant and equipment (31,117) 50,366 - 6,241 - lease liabilities (1,092) 2,897 - 277 - biological assets (2,359) 347 - - - inventories 6,309 (1,571) - - - receivables (158) (6,427) - - - payables 21,917 18,558 - - - unused tax losses (42,151) 40,065 - (34,838) - LLA liability (24,557) (2,847) - - - others (14,790) 8,236 - - (88,916) 109,813 - (28,320) Currency translation differences 177 (3,141) - - At 31 December (108,829) (20,653) - - Deferred tax assets - receivables 3,213 5,750 - - - property, plant and equipment 3,971 4,346 - - - lease liabilities 4,687 5,779 - 478 - intangible assets 2,043 3,346 - - - investment properties 8,699 8,699 - - - inventories 12,447 5,738 - - - LLA liability 1,011,318 1,035,875 - - - payables 106,199 84,282 - - - unused tax losses 125,641 167,792 - - - others 3,064 9,674 - - Amount before offsetting 1,281,282 1,331,281 - 478 Offsetting (754,610) (679,980) - (478) 526,672 651,301 - - 175 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 Audited Financial Statements 2020