Kimlun Corporation Berhad Annual Report 2018

Kimlun Corporation Berhad 65 STATEMENTS OF FINANCIAL POSITION As at 31 December 2018 Group Note 31.12.2018 31.12.2017 1.1.2017 RM RM RM Assets Non-current assets Property, plant and equipment 12 229,495,364 206,148,900 155,787,111 Land held for development 18(a) 70,241,486 69,563,486 51,765,427 Investment properties 13 7,026,805 8,001,824 5,637,194 Other investments 14 75,000 369,669 255,431 Investment in joint ventures 16 18,612,461 17,985,089 17,291,337 325,451,116 302,068,968 230,736,500 Current assets Properties held for sale 17 1,829,232 1,829,232 1,829,232 Development properties 18(b) 105,452,821 32,039,512 54,157,105 Inventories 19 122,239,665 73,885,920 18,444,906 Trade and other receivables 20 464,830,851 412,258,463 466,753,630 Prepayment 5,292,589 5,665,956 2,517,291 Contract assets 4(b) 336,471,863 233,896,832 131,733,957 Cash and bank balances 21 35,569,427 86,571,902 79,025,354 1,071,686,448 846,147,817 754,461,475 Total assets 1,397,137,564 1,148,216,785 985,197,975 Equity and liabilities Current liabilities Loans and borrowings 22 193,147,725 46,032,285 47,373,279 Trade and other payables 23 443,876,172 367,014,854 284,582,324 Contract liabilities 4(b) 3,588,794 31,019,617 33,076,162 Income tax payable 7,941,408 12,354,830 10,675,800 648,554,099 456,421,586 375,707,565 Net current assets 423,132,349 389,726,231 378,753,910 Non-current liabilities Loans and borrowings 22 80,006,046 83,570,437 67,662,037 Deferred tax liabilities 24 3,781,156 432,524 2,565,529 83,787,202 84,002,961 70,227,566 Total liabilities 732,341,301 540,424,547 445,935,131 Net assets 664,796,263 607,792,238 539,262,844