Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad STATEMENTS OF FINANCIAL POSITION As at 31 December 2019 (cont’d) 73 Note 2019 2018 2019 2018 RM RM RM RM Equity and liabilities Current liabilities Loans and borrowings 23 252,384,609 193,147,725 - - Lease liabilities 24 3,334,634 - - - Trade and other payables 25 334,102,345 365,776,107 365,020 259,395 Contract liabilities 4(b) 49,490,344 68,267,859 - - Income tax payable 10,958,590 7,941,408 85,459 163,652 Provisions 26 17,170,000 13,421,000 - - 667,440,522 648,554,099 450,479 423,047 Net current assets 489,143,766 423,132,349 26,099,564 42,955,632 Non-current liabilities Loans and borrowings 23 154,224,198 80,006,046 - - Lease liabilities 24 3,009,002 - - - Deferred tax liabilities 27 962,048 3,781,156 - - 158,195,248 83,787,202 - - Total liabilities 825,635,770 732,341,301 450,479 423,047 Net assets 720,528,877 664,796,263 293,873,559 272,274,428 Equity attributable to owners of the Company Share capital 28 247,278,704 237,451,519 247,278,704 237,451,519 Treasury shares 28 (23,774) (23,774) (23,774) (23,774) Retained earnings 29 439,094,889 393,167,396 12,424,961 653,015 Other reserves 30 34,122,629 34,122,385 34,193,668 34,193,668 720,472,448 664,717,526 293,873,559 272,274,428 Non-controlling interests 56,429 78,737 - - Total equity 720,528,877 664,796,263 293,873,559 272,274,428 Total equity and liabilities 1,546,164,647 1,397,137,564 294,324,038 272,697,475 Group Company The accompanying accounting policies and explanatory notes form an integral part of the financial statements.