Amal Ltd 2017-18

81 Note 22 Income and deferred taxes (continued) d) Deferred tax balances The balance comprises temporary differences attributable to the below items and corresponding movement in deferred tax liabilities | (assets): ( ` 000) Particulars As at March 31, 2018 As at March 31, 2017 Deferred tax liability on account of: Property, plant and equipment, intangible assets and investment property 5,407 5,244 Financial liabilities at amortised cost 16,676 29,306 Total deferred tax liabilities 22,083 34,550 Deferred tax asset on account of: Provisions (45) (64) Unabsorbed depreciation (22,038) (34,486) Total deferred tax assets (22,083) (34,550) Net deferred tax liability - - Due to uncertainity in market outlook, deferred tax assets on unabsorbed depreciation has been recognised to the extent of deferred tax liability. e) Movement in deferred tax balances: ( ` 000) At March 31, 2016 Amount (Charged) | Credited: To profit or loss - To Other Comprehensive Income - Deferred tax on basis adjustment - At March 31, 2017 - (Charged) | Credited: To profit or loss - To Other Comprehensive Income - Deferred tax on basis adjustment - At March 31, 2018 - Notes to the Financial Statements