Dagang NeXchange Berhad Annual Report 2018

9. DEFERRED TAX ASSETS/(LIABILITIES) (CONTINUED) Deferred tax assets/(liabilities) have not been recognised in respect of the following items: Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Unutilised tax losses 24,606 14,254 - - Unabsorbed capital allowances 17,183 15,810 - 204 Property, plant and equipment, intangible assets (1,851) (3,055) (47) (48) Provisions 11,144 9,809 406 406 Others (7) 33 - - 51,075 36,851 359 562 Unrecognised deferred tax assets 12,258 8,844 86 135 (a) Deferred tax assets have not been recognised in respect of these items because it is not probable that future taxable profits will be allowable against which the Group and the Company can utilise the benefits. (b) The comparative figures have been restated to reflect the actual tax losses and capital allowances available to the Group and to the Company. (c) With effect from year of assessment 2019, the unutilised tax losses in a year of assessment of the Group and the Company can only be carried forward for a maximum period of 7 consecutive years of assessment to be utilised against income from any business source. The unabsorbed capital allowances do not expire under the current tax legislation. 10. INVENTORIES Group 2018 2017 RM’000 RM’000 Trading merchandise in transit 632 2,071 Goods held for resale 1,910 699 Consumables 479 - 3,021 2,770 Recognised in profit or loss: Inventories recognised as cost of sales 33,945 39,028 140 Dagang NeXchange Berhad Annual Report 2018 Notes to the Financial Statements (CONTINUED)