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18. DeFeRReD tAX (Cont’D)
Deferred tax assets have not been recognised in respect of the following items:
group Company
2010 2009 2010 2009
Rm’000 Rm’000 Rm’000 Rm’000
Unutilised tax losses 155,570 112,154 14,451 —
Unabsorbed capital allowances 49,375 28,245 — —
204,945 140,399 14,451 —
The unutilised tax losses and unabsorbed capital allowances of the Group are available indefinitely against future taxable profit of the
respective entities within the Group subject to no substantial changes in shareholdings of those entities under the Income Tax Act,
1967 and guidelines issued by the tax authority. Deferred tax assets have not been recognised in respect of these items as they may
not be used to offset against any future profits of those entities and taxable profits of other entities in the Group.
19. inventoRieS
group
2010 2009
Rm’000 Rm’000
At cost:
Consumable spares 50,124 49,128
Work-in-progress 4,152 895
54,276 50,023
The cost of inventories recognised as an expense during the financial year amounted to RM126.590million (2009: RM126.565million).
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SapuraCrest Petroleum Berhad
Annual Report 2010