Sasbadi Annual Report 2020

55 ANNUAL REPORT 2020 FINANCIAL STATEMENTS (continued) Statements of financial position as at 31 August 2020 Group Company Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Assets Property, plant and equipment 3 46,992 52,238 - - Investment properties 4 2,426 2,480 - - Intangible assets 5 23,650 25,056 - - Investments in subsidiaries 6 - - 92,730 93,008 Other investments 7 227 265 - - Deferred tax assets 8 1,396 1,426 - - Total non-current assets 74,691 81,465 92,730 93,008 Inventories 10 69,386 73,446 - - Right to recover returned goods 11 1,283 2,035 - - Current tax assets 5,537 2,945 6 4 Contract costs 12 597 381 - - Trade and other receivables 13 40,356 49,482 23,529 23,101 Prepayments 4,688 4,271 9 9 Cash and cash equivalents 14 6,230 7,443 47 24 128,077 140,003 23,591 23,138 Asset classified as held for sale 15 6,998 - - - Total current assets 135,075 140,003 23,591 23,138 Total assets 209,766 221,468 116,321 116,146 Equity Share capital 108,210 108,210 108,210 108,210 Reserves 37,832 46,732 1,110 676 Total equity 16 146,042 154,942 109,320 108,886 Liabilities Loans and borrowings 17 10,149 13,033 - - Lease liabilities 1,318 - - - Deferred tax liabilities 8 7,332 8,275 - - Total non-current liabilities 18,799 21,308 - - Loans and borrowings 17 27,294 22,327 - - Lease liabilities 993 - - - Refund liabilities 11 2,414 3,851 - - Trade and other payables 18 12,284 17,484 7,001 7,260 Contract liabilities 12 1,940 1,239 - - Current tax liabilities - 317 - - Total current liabilities 44,925 45,218 7,001 7,260 Total liabilities 63,724 66,526 7,001 7,260 Total equity and liabilities 209,766 221,468 116,321 116,146 The notes on pages 63 to 140 are an integral part of these financial statements.