Kimlun Corporation Berhad Annual Report 2020

STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 200901023978 (867077-X) Statements of financial position (cont'd) As at 31 December 2020 Note 2020 2019 2020 2019 RM RM RM RM Equity and liabilities Current liabilities Loans and borrowings 23 274,921,713 252,384,609 - - Lease liabilities 24 2,964,065 3,334,634 - - Trade and other payables 25 270,870,356 334,102,345 470,696 365,020 Contract liabilities 4(b) 36,314,938 49,490,344 - - Income tax payable 4,138,641 10,958,590 - 85,459 Provisions 26 18,201,000 17,170,000 - - 607,410,713 667,440,522 470,696 450,479 Net current assets 500,705,264 489,143,766 19,311,730 26,099,564 Non-current liabilities Loans and borrowings 23 132,185,703 154,224,198 - - Lease liabilities 24 3,087,183 3,009,002 - - Deferred tax liabilities 27 - 962,048 - - 135,272,886 158,195,248 - - Total liabilities 742,683,599 825,635,770 470,696 450,479 Net assets 734,293,725 720,528,877 308,380,183 293,873,559 Equity attributable to owners of the Company Share capital 28 255,944,359 247,278,704 255,944,359 247,278,704 Treasury shares 28 (23,774) (23,774) (23,774) (23,774) Retained earnings 29 435,866,596 439,094,889 18,265,930 12,424,961 Other reserves 30 34,122,635 34,122,629 34,193,668 34,193,668 725,909,816 720,472,448 308,380,183 293,873,559 Non-controlling interests 8,383,909 56,429 - - Total equity 734,293,725 720,528,877 308,380,183 293,873,559 Total equity and liabilities 1,476,977,324 1,546,164,647 308,850,879 294,324,038 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. Group Company - 18 - Kimlun Corporation Berhad Registration No. 200901023978 (867077-X) 075