Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

22. Deferred tax (contd.)
Notes to the Financial Statements
For the fi nancial year ended 31 December 2011
Deferred tax assets have not been recognised in respect of the following items:
Group
2011 2010
RM’000 RM’000
Unutilised tax losses 99,657 114,772
Unabsorbed capital allowances 3,614 3,487
Provisions - 320
103,271 118,579
At the reporting date, the Group has unutilised tax losses, unabsorbed capital allowances and provisions as
shown above that are available for offset against future taxable profi ts of the companies in which the losses
arose, for which no deferred tax asset is recognised due to uncertainty of its recoverability. The availability of
unused tax losses, unabsorbed capital allowances and provisions for offsetting against future taxable profi ts
of the respective subsidiaries in Malaysia are subject to no substantial changes in shareholdings of those
subsidiaries under the Income Tax Act, 1967 and guidelines issued by the tax authority. The use of tax losses
of subsidiaries in other countries is subject to the agreement of the tax authorities and compliance with certain
provisions of the tax legislation of the respective countries in which the subsidiaries operate.
There are no income tax consequences (2010: Nil) attached to the dividends to the shareholders proposed
by the Company but not recognised as a liability in the fi nancial statements (Note 46).
23. Inventories
Group
2011 2010
RM’000 RM’000
Cost
Raw materials 24,523 24,371
General stores 51,731 47,511
Work-in-progress 95 123
Finished goods 13,115 12,621
Completed development units 222 1,388
Net realisable value
89,686 86,014
Finished goods 647 713
90,333 86,727
During the year, the amount of inventories recognised as an expense in cost of sales of the Group was
RM504,641,893 (2010: RM391,079,718).
Annual Report 2011 133