GHL System Berhad Annual Report 2019

A N N U A L R E P O R T 2 0 1 9 83 Group Company 2019 2018 2019 2018 Note RM RM RM RM ASSETS Non-current assets Property, plant and equipment 12 106,322,646 93,100,281 13,311,138 10,773,169 Intangible assets 14 1,433,409 1,697,229 162,540 187,937 Goodwill 15 179,971,237 168,638,985 - - Investments in subsidiaries 16 - - 124,382,554 88,182,870 Investments in joint ventures and an associate 17 306,557 225,873 - - Deferred tax assets 18 3,749,323 2,101,163 - - 291,783,172 265,763,531 137,856,232 99,143,976 Current assets Inventories 19 63,895,465 79,087,753 55,519 558,968 Trade and other receivables 20 111,172,041 138,462,805 25,711,738 30,342,643 Current tax assets 4,472,921 8,660,037 354,430 247,905 Other investments 21 53,270,574 42,833,438 42,164,039 42,732,647 Cash and bank balances 22 138,627,060 102,309,084 3,128,665 9,799,257 371,438,061 371,353,117 71,414,391 83,681,420 TOTAL ASSETS 663,221,233 637,116,648 209,270,623 182,825,396 EQUITY AND LIABILITIES Equity attributable to owners of the parent Share capital 23 330,199,925 314,343,560 330,199,925 314,343,560 Reserves 24 (8,639,050) (454,207) (8,958,983) 1,001,445 Retained earnings/(Accumulated losses) 120,889,096 92,335,697 (121,130,195) (139,679,890) 442,449,971 406,225,050 200,110,747 175,665,115 Non-controlling interests 6,413,004 169,765 - - TOTAL EQUITY 448,862,975 406,394,815 200,110,747 175,665,115 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019