MISC Annual Report 2019

Group Corporation 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Profit after taxation 1,436,267 1,284,341 1,864,414 1,252,261 Other comprehensive (loss)/income: Items that may be reclassified subsequently to profit or loss (Loss)/gain on currency translation (363,183) 686,551 (259,910) 2,163,665 Cash flow hedges - fair value loss (163,408) (5,385) – – Total other comprehensive (loss)/income for the year (526,591) 681,166 (259,910) 2,163,665 Total comprehensive income for the year 909,676 1,965,507 1,604,504 3,415,926 Total comprehensive income/(loss) attributable to: Equity holders of the Corporation 902,602 1,988,998 1,604,504 3,415,926 Non-controlling interests 7,074 (23,491) – – 909,676 1,965,507 1,604,504 3,415,926 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. STATEMENTS OF COMPREHENSIVE INCOME STATEMENTS OF FINANCIAL POSITION For the year ended 31 December 2019 As at 31 December 2019 Group Note 2019 2018 RM’000 RM’000 Non-current assets Ships 13 20,975,927 21,224,833 Offshore floating assets 13 82,357 222,204 Other property, plant and equipment 13 2,228,917 1,888,890 Prepaid lease payments on land and buildings 14 219,843 212,988 Intangible assets 15 840,653 856,881 Investments in associates 17 482 482 Investments in joint ventures 18 925,715 955,071 Other non-current financial assets 19(a) 225,903 244,614 Derivative assets 19(b) – 8,185 Finance lease receivables 19(d) 15,007,971 16,377,390 Deferred tax assets 28 103,499 104,379 40,611,267 42,095,917 Current assets Inventories 20 165,731 250,030 Trade and other receivables 21 3,930,705 3,949,200 Tax recoverable – 14,549 Cash, deposits and bank balances 23 7,030,814 5,755,604 11,127,250 9,969,383 Non-current assets classified as held for sale 24 125,278 – 11,252,528 9,969,383 Current liabilities Trade and other payables 25 2,186,588 2,000,588 Derivative liabilities 19(b) 1,560 – Interest-bearing loans and borrowings 19(c) 5,599,481 5,778,493 Provision for taxation 14,165 – 7,801,794 7,779,081 Net current assets 3,450,734 2,190,302 44,062,001 44,286,219 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. FINANCIAL STATEMENTS MISC BERHAD PEOPLE. PASSION. POSSIBILITIES ANNUAL REPORT 2019 242 243