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laporan tahunan | annual report200427. DEFERRED TAXATION (CONT'D.)AcceleratedCapitalAllowances Revaluation Receivables TotalRM'000 RM'000 RM'000 RM'000At 1 January 2003 53 5,945 - 5,998Recognised in theincome statement 25 (85) 2 (58)At 31 December 2003 78 5,860 2 5,940Deferred Tax Assets of the Company:Tax LossesandAcceleratedUnabsorbedCapital Other CapitalAllowances Payable Allowances TotalRM'000 RM'000 RM'000 RM'000At 1 January 2004 (109) 23 (2,756) (2,842)Recognised in theincome statement 13 - 1,387 1,400At 31 December 2004 (96) 23 (1,369) (1,442)At 1 January 2003 (61) - (3,302) (3,363)Recognised in theincome statement (48) 23 546 521At 31 December 2003 (109) 23 (2,756) (2,842)Deferred tax assets have not been recognised in respect of the following items:Group2004 2003RM'000 RM'000Unused tax losses 32,603 40,483Unabsorbed capital allowances 20,171 19,14052,774 59,623The unused tax losses and unabsorbed capital allowances are available indefinitely for offset against futuretaxable profits of the subsidiaries in which those items arose. Deferred tax assets have not been recognisedin respect of these items as they may not be used to offset taxable profits of other subsidiaries in theGroup and they have arisen in subsidiaries that have a recent history of losses.97