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Tenaga Nasional Berhad 268 Annual Report 2009Notes to the financial statements (Cont’d.)31 August 200932 DEFERRED TAXATION (CONT’D.)The movements during the financial year relating to deferred tax are as follows:GroupCompany2009 2008 2009 2008RM’million RM’million RM’million RM’millionAs at the beginning of the financial year (6,337.4) (6,274.4) (5,499.3) (5,524.8)(Charged)/credited to income statement:– property, plant and equipment (401.9) (99.5) (332.1) (13.7)– unutilised tax losses 12.6 0 0 0– provision and allowances 86.3 36.5 86.3 39.2(303.0) (63.0) (245.8) 25.5As at the end of the financial year (6,640.4) (6,337.4) (5,745.1) (5,499.3)Subject to income taxDeferred tax assets (before offsetting)Provision and allowances 926.5 840.2 924.1 837.8Unutilised tax losses 14.3 1.7 0 0Property, plant and equipment 321.6 486.4 0 0Offsetting (1,262.4) (1,328.3) (924.1) (837.8)Deferred tax assets (after offsetting) 0 0 0 0Deferred tax liabilities (before offsetting)Property, plant and equipment (7,902.8) (7,665.7) (6,669.2) (6,337.1)Offsetting 1,262.4 1,328.3 924.1 837.8Deferred tax liabilities (after offsetting) (6,640.4) (6,337.4) (5,745.1) (5,499.3)