KENANGA ANNUAL REPORT 2019

209 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 19. DEFERRED TAXATION Group Bank 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 At 1 January 6,532 10,107 3,666 7,980 Acquisition of a subsidiary (Note 13(ii)) (133) - - - Recognised in profit or loss (Note 40) (1,504) (1,668) (1,693) (2,407) Recognised in other comprehensive income (2,630) (1,907) (2,630) (1,907) At end of the financial year 2,265 6,532 (657) 3,666 Deferred tax assets 2,955 6,532 - 3,666 Deferred tax liabilities (690) - (657) - 2,265 6,532 (657) 3,666 Deferred tax assets and liabilities prior to offsetting are summarised as follows: Group Bank 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Deferred tax assets 17,290 12,986 14,159 9,900 Deferred tax liabilities (15,025) (6,454) (14,816) (6,234) 2,265 6,532 (657) 3,666 The components and movements of deferred tax assets and liabilities during the financial year prior to offsetting are as follows: Deferred tax liabilities of the Group: Fair value reserve RM’000 Excess of capital allowances over depreciation RM’000 Right-of-use asset RM’000 Total RM’000 At 1 January 2019 - (6,454) - (6,454) Acquisition of a subsidiary (Note 13(ii)) - (133) - (133) Recognised in profit or loss - 578 (5,699) (5,121) Recognised in other comprehensive income (3,317) - - (3,317) At 31 December 2019 (3,317) (6,009) (5,699) (15,025) At 1 January 2018 - (5,947) - (5,947) Recognised in profit or loss - (507) - (507) At 31 December 2018 - (6,454) - (6,454)