FORGING AHEAD - Tradewinds Plantation Berhad

NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2010
26. DEFERRED TAX (continued)
182
FINANCIAL STATEMENTS
Recognised deferred tax assets and liabilities (continued)
(a) Movements in deferred tax during the financial year are as follows:
TRADEWINDS PLANTATION BERHAD
Annual Report 2010
Group Company
2010 2009 2010 2009
RM’000 RM’000 RM’000 RM’000
Balance as at 1 January (299,558) (274,138) 5,826 6,588
Recognised in statements of
comprehensive income (Note 31)
- liability portion of ICULS (838) (790) (838) (790)
- unabsorbed tax losses 2,934 (239) - -
- unutilised capital and agriculture allowances 17,179 7,841 - -
- other deductible temporary differences 24 17 31 13
- excess of capital and agriculture allowances
over corresponding depreciation (33,696) (17,191) (28) 15
- crystallisation of deferred tax on fair value
adjustment of property, plant and equipment 8,709 7,996 - -
(5,688) (2,366) (835) (762)
Arising from acquisition of a subsidiary (Note 34)
- fair value adjustment of property, plant
and equipment - (23,054) - -
Balance as at 31 December (305,246) (299,558) 4,991 5,826