Annual Report 2012, PDF - Axiata Group Berhad - Investor Relations

NOTES TO THEFINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2012 (CONTINUED)23. DEFERRED TAXATION (CONTINUED)The amounts of deductible temporary differences and unutilised tax losses of the Group and the Company forwhich no deferred tax asset is recognised in the statements of financial position are as follows:GroupCompany31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011RM’000 RM’000 RM’000 RM’000 RM’000 RM’000Deductible temporarydifferences 82,263 43,458 45,746 41,312 2,844 –Unutilised tax losses 113,795 165,668 153,682 40,190 31,402 24,199196,058 209,126 199,428 81,502 34,246 24,199Tax effect 49,015 52,281 49,857 20,376 8,561 6,050The benefits of these tax losses and credits will only be obtained if the Company or the relevant subsidiariesderive future assessable income of a nature and amount sufficient for the benefits to be utilised.As at 31 December 2012, the Group has no unutilised investment tax incentive for last mile broadband services(2011: RM111.2 million), for which the related tax effects have not been included in the financial statements. Thebenefits of this tax incentive will only be recognised upon utilisation, in accordance with the Group policy.254