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246 BANK MUAMALAT MALAYSIA BERHAD About Us Our Leadership Our Strategy
ANNUAL REPORT FY2020

Notes to the fiNaNcial statemeNts
31 December 2020 (16 JamaDil awal 1442h)

16. DEFErrED TAx ASSETS/(LIABILITIES)
Group Bank
31 December 31 December 31 December 31 December
2020 2019 2020 2019
rM’000 rM’000 rM’000 rM’000

At beginning of the year, as restated 13,534 18,403 13,250 18,235
Recognised in the profit or loss (Note 40) (24,922) 1,287 (24,990) 1,171
Recognised in other comprehensive income (86) (6,156) (86) 5,488
At end of the year (11,474) 13,534 (11,826) 24,894

Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current
tax liabilities and when the deferred income taxes relate to the same fiscal authority. The following amounts, determined after
appropriate offsetting, are shown in the statements of financial position as follows:
Group Bank
31 December 31 December 31 December 31 December
2020 2019 2020 2019
rM’000 rM’000 rM’000 rM’000

Deferred tax assets, net 352 13,534 - 13,250
Deferred tax liabilities, net (11,826) - (11,826) -

(11,474) 13,534 (11,826) 13,250

Deferred tax assets and liabilities prior to offsetting are summarised as follows:
Group Bank
31 December 31 December 31 December 31 December
2020 2019 2020 2019
rM’000 rM’000 rM’000 rM’000

Deferred tax assets 39,423 25,827 39,071 25,543
Deferred tax liabilities (50,897) (12,293) (50,897) (12,293)
(11,474) 13,534 (11,826) 13,250