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FINANCIAL STATEMENTS
Axiata Group Berhad | Annual Report 2016
205
23. PROVISION FOR LIABILITIES
Group
2016
RM’000
2015
RM’000
At 1 January
417,574
295,005
Provision for the financial year
28,432
45,548
Acquisition of subsidiaries
56,813
66,221
Accretion of interest
10,114
7,512
Currency translation differences
24,024
24,557
536,957
438,843
Utilised during the financial year
(37,237)
(21,269)
At 31 December
499,720
417,574
The provision for liabilities relates to provision for dismantling costs of existing telecommunication network and equipment as disclosed in the
significant accounting policies in Note 3(o) to the financial statements.
24. DEFERRED TAXATION
Deferred tax assets and liabilities of the Group are offsetted when there is a legally enforceable right to set off current tax assets against current tax
liabilities and when the deferred taxes related to the same tax authority. The following amounts, determined after appropriate offsetting, are shown
in the statements of financial position:
Group
2016
RM’000
2015
RM’000
Deferred tax assets
(291,633)
(248,156)
Deferred tax liabilities
2,241,506
1,809,316
Net deferred tax liabilities
1,949,873
1,561,160
The movement in net deferred tax liabilities of the Group during the financial year is as follows:
Group
Note
2016
RM’000
2015
RM’000
At 1 January
1,561,160
1,379,073
Charge/(credit) to profit or loss:
- PPE
180,082
107,338
- tax losses
(162,092)
(208,936)
- provision and others
(94,467)
64,643
11
(76,477)
(36,955)
Acquisition of subsidiaries
432,209
(799)
Debit to OCI:
- actuarial reserve
2,335
3,445
Currency translation differences
30,646
216,396
At 31 December
1,949,873
1,561,160