Connecting the nation. and Beyond. - ChartNexus

224 / MRCB annual report 2011 /
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2011
25 DEFERRED TAX (cont’d)
Deferred tax liabilities (before offsetting)
Group
2011 2010
RM’000 RM’000
Property, plant and equipment (2,193) (2,010)
Development property (55,558) (31,211)
(57,751) (33,221)
Offsetting 7,132 309
Deferred tax liabilities (after offsetting) (50,619) (32,912)
The amounts of deductible temporary differences and unused tax losses (which have no expiry date) for which no deferred
tax assets are recognised in the statement of financial position are as follow:
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Deductible temporary differences 72,883 84,708 6,782 6,216
Tax losses 169,393 200,559 – –
26 INVENTORIES
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Completed properties for sale 13,330 14,442 7,220 7,220
Raw materials 2,925 2,925 – –
Land held for sale 498 498 – –
16,753 17,865 7,220 7,220
The carrying value of inventories included RM6,148,271 (2010: RM6,455,551) stated at net realisable values.
Inventories where the net realisable values are expected to be below the carrying value have been written down. The
amount written down during the financial year was RM Nil (2010: RM Nil).
There were no inventories of the Group and of the Company pledged as security for bank borrowings (2010: RM Nil).