DELEUM BERHAD UNISON IN DIVERSITY - ChartNexus

Notes to the Financial Statements (continued)
31 December 2009
26 DEFERRED TAX
Deleum Berhad Annual Report 2009 101
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 tax relates to the same tax authority. The following amounts, determined
after appropriate offsetting, are shown on the balance sheet:
Group Company
2009 2008 2009 2008
RM RM RM RM
Deferred tax assets 75,414 706,494 0 0
Deferred tax liabilities (3,330,224) (1,131,153) (66,500) (54,500)
At 1 January (424,659) (987,863) (54,500) 0
Acquisition of a subsidiary 0 211,645 0 0
(Charged)/credited to income statement
- property, plant and equipment (2,950,071) (332,085) (12,000) (54,500)
- unrealised foreign exchange (loss)/gain (112,110) 232,846 0 0
- provisions (483,500) 450,798 0 0
- unabsorbed capital allowances 715,530 0 0 0
Deferred tax assets (before offsetting)
(2,830,151) 351,559 (12,000) (54,500)
(3,254,810) (424,659) (66,500) (54,500)
Provisions 229,860 713,360 0 0
Unrealised foreign exchange loss 86,781 120,220 0 0
Unabsorbed capital allowances 715,530 0 0 0
1,032,171 833,580 0 0
Offsetting (956,757) (127,086) 0 0
Deferred tax assets (after offsetting) 75,414 706,494 0 0
Deferred tax liabilities (before offsetting)
Property, plant and equipment (4,208,310) (1,258,239) (66,500) (54,500)
Unrealised foreign exchange gain (78,671) 0 0 0
(4,286,981) (1,258,239) (66,500) (54,500)
Less: Offsetting 956,757 127,086 0 0
Deferred tax liabilities (after offsetting) (3,330,224) (1,131,153) (66,500) (54,500)