Kimlun Corporation Berhad Annual Report 2020

STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Statements of financial position s at 31 December 2020 Note 2020 2019 2020 2019 RM RM RM RM Assets Non-current assets Property, plant and equipment 12 172,919,197 203,004,568 - - Right-of-use assets 13 5,867,715 6,092,998 - - Land held for development 19(a) 171,580,343 158,819,727 - - Investment properties 14 152,670 3,348,188 - - Other investments 15 75,000 75,000 - - Investments in subsidiaries 16 - - 289,068,453 267,773,995 Investment in joint ventures 17 17,613,316 18,239,878 - - Deferred tax assets 27 653,106 - - - 368,861,347 389,580,359 289,068,453 267,773,995 Current assets Properties held for sale 18 - 388,938 - - Development properties 19(b) 78,913,787 131,605,975 - - Inventories 20 129,378,913 79,997,689 - - Tax recoverable - - 43,894 - Trade and other receivables 21 460,878,918 486,272,312 19,586,959 25,954,237 Prepayments 6,750,451 6,827,417 7,475 7,475 Contract assets 4(b) 374,719,171 386,551,692 - - Cash and bank balances 22 57,474,737 64,940,265 144,098 588,331 1,108,115,977 1,156,584,288 19,782,426 26,550,043 Total assets 1,476,977,324 1,546,164,647 308,850,879 294,324,038 Group Company - 17 - Annual Report 2020 074