2012 Annual Report - Media Prima Berhad

23 DEFERRED TAXATION (CONTINUED)
Group
2012 2011 1.1.2011
Restated Restated
RM’000 RM’000 RM’000
Deferred tax assets (before offsetting)
– Intangible assets – 4,977 4,179
– Allowances and provisions 9,547 8,698 3,681
– Hire purchase creditors 2,077 3,981 5,274
– Unused tax losses 39,655 41,844 48,007
– Deferred revenue 2,613 2,557 2,675
– Unutilised capital allowances 17,630 17,319 20,822
– Reinvestment allowances 94,278 100,732 100,732
– Others 8 8 8
165,808 180,116 185,378
Offsetting (67,855) (57,143) (41,339)
Deferred tax assets (after offsetting) 97,953 122,973 144,039
Deferred tax liabilities (before offsetting)
– Intangible assets (49,895) (50,837) (51,885)
– Property, plant and equipment (88,257) (76,980) (60,954)
(138,152) (127,817) (112,839)
Offsetting 67,855 57,143 41,339
Deferred tax liabilities (after offsetting) (70,297) (70,674) (71,500)
The amount of allowances, deductible temporary differences and unused tax losses (which have no expiry date) for
which no deferred tax asset is recognised in the statement of financial position is as follows:
Group
Company
RADIO OUTDOOR
NETWORKS
2012 2011 1.1.2011 2012 2011 1.1.2011
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Unused tax losses 190,440 179,238 155,733 29,700 22,694 9,138
Deductible temporary
differences 41,301 40,404 36,029 184 139 83
231,741 219,642 191,762 29,884 22,833 9,221
Deferred tax assets not
recognised at 25% 57,935 54,910 47,940 7,471 5,708 2,305
The deductible temporary differences and unused tax losses are available indefinitely for offset against future taxable
profits of the Group and Company, subject to agreement with the Inland Revenue Board. These tax benefits will only
be obtained if the Group and Company derive future assessable income of a nature and amount sufficient for the
tax benefits to be utilised. Deferred tax assets have not been recognised in respect of the tax losses and deductible
temporary differences of certain entities within the Group as these entities have a history of losses or are dormant.
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