Sasbadi Annual Report 2021

71 ANNUAL REPORT 2021 FINANCIAL STATEMENTS (continued) 71 SASBADI HOLDINGS BERHAD (Incorporated in Malaysia) STATEMENTS OF FINANCIAL POSITION AS AT 31 AUGUST 2021 Group Company 2021 2020 2021 2020 Note RM’000 RM’000 RM’000 RM’000 ASSETS Property, plant and equipment 5 39,392 46,992 - - Investment properties 6 2,373 2,426 - - Intangible assets 7 21,709 23,650 - - Investment in subsidiaries 8 - - 90,414 92,730 Other investments 9 215 227 - - Deferred tax assets 10 1,115 1,396 - - Total non-current assets 64,804 74,691 90,414 92,730 Inventories 12 58,530 69,386 - - Right to recover returned goods 13 990 1,283 - - Current tax assets 2,613 5,537 6 6 Contract costs 14 579 597 - - Trade and other receivables 15 39,311 40,356 25,943 23,529 Prepayments 4,516 4,688 41 9 Cash and cash equivalents 16 8,184 6,230 52 47 114,723 128,077 26,042 23,591 Asset classified as held for sale 17 - 6,998 - - Total current assets 114,723 135,075 26,042 23,591 TOTAL ASSETS 179,527 209,766 116,456 116,321 EQUITY Share capital 18 109,073 108,210 109,073 108,210 Reserves 18 28,815 37,832 417 1,110 TOTAL EQUITY 137,888 146,042 109,490 109,320 LIABILITIES Loans and borrowings 19 2,215 10,149 - - Lease liabilities 11 674 1,318 - - Deferred tax liabilities 10 5,254 7,332 - - Total non-current liabilities 8,143 18,799 - - Loans and borrowings 19 15,276 27,294 - - Lease liabilities 11 561 993 - - Refund liabilities 13 1,876 2,414 - - Trade and other payables 20 13,942 12,284 6,966 7,001 Contract liabilities 14 1,841 1,940 - - Total current liabilities 33,496 44,925 6,966 7,001 TOTAL LIABILITIES 41,639 63,724 6,966 7,001 TOTAL EQUITY AND LIABILITIES 179,527 209,766 116,456 116,321 The accompanying notes form an integral part of the financial statements.