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126
Notes to the Financial Statements
24. DEFERRED TAXATION
Group Company
2004 2003 2004 2003
RM’000 RM’000 RM’000 RM’000
At 1 January 32,993 37,615 (344) (550)
Recognised in the income statement (8,979) (3,304) (3,986) 206
Credited/(charged) to equity 2,018 (684) — —
Credited/(charged) to minority interest 1,870 (634) — —
At 31 December 2004 27,902 32,993 (4,330) (344)
Presented after appropriate offsetting as follows:
Deferred tax assets 51,171 62,952 — —
Deferred tax liabilities (23,269) (29,959) (4,330) (344)
27,902 32,993 (4,330) (344)
The deferred tax liability of the Company is in respect of capital allowances. The components and movements
of deferred tax liabilities and assets for the Group during the financial year prior to offsetting are as follows:
Revaluation Capital
Surplus Allowances Others Total
RM’000 RM’000 RM’000 RM’000
Deferred tax liabilities of the Group:
At 1 January 2004 (9,237) (19,392) (1,330) (29,959)
Recognised in the income statement (409) 3,293 (82) 2,802
Credited to equity 2,018 — — 2,018
Credited to minority interest 1,870 — — 1,870
At 31 December 2004 (5,758) (16,099) (1,412) (23,269)