Fraser & Neave Holdings Bhd Annual Report 2020

189 06 financial statements ANNUAL REPORT 2020 Notes to The Financial Statements (Cont’d.) 11. DEFERRED TAX ASSETS/(LIABILITIES) (CONTINUED) UNRECOGNISED DEFERRED TAX ASSETS Deferred tax assets have not been recognised in respect of the following items (stated at gross): Group 2020 RM’000 2019 RM’000 Unutilised reinvestment allowances 79,935 79,935 Unutilised capital allowances 6,220 6,220 Tax loss carry-forwards 3,251 3,251 89,406 89,406 Deferred tax assets have not been recognised in respect of these temporary differences because it is not probable that future taxable profit will be available against which subsidiaries of the Group can utilise the benefits therefrom. Unutilised reinvestment allowances and tax loss can only be carried forward up to 7 consecutive years of assessment and will expire in 2025. Unutilised capital allowances do not expire under the current tax legislation except that in the case of a dormant company, such allowances and losses will not be available to the company if there is change of 50% or more in the shareholdings thereof. MOVEMENT IN TEMPORARY DIFFERENCES DURING THE FINANCIAL YEAR Group At 1 October 2018 RM’000 Recognised in profit or loss (Note 24) RM’000 Recognised in other comprehensive income (Note 24) RM’000 Exchange differences RM’000 At 30 September 2019 RM’000 Property, plant and equipment (67,013) (10,776) – 15 (77,774) Right-of-use assets – – – – – Investment properties (704) (109) – – (813) Employee benefit plans 6,587 894 1,714 173 9,368 Tax loss carry-forwards and unutilised capital allowances 4,561 3,152 – 90 7,803 Unutilised tax incentives 35,635 (6,466) – – 29,169 Lease liabilities – – – – – Provisions, contract liabilities and others 5,288 (950) – 149 4,487 (15,646) (14,255) 1,714 427 (27,760)