Tropicana Corporation Berhad Annual Report 2020

STATEMENTS OF FINANCIAL POSITION - GROUP Note 2020 2019 RM'000 RM'000 Assets Non-current assets Property, plant and equipment 15 770,546 764,954 Inventories 16 6,517,540 6,154,933 Investment properties 17 1,614,481 1,377,034 Right-of-use assets 35 139,285 138,952 Investment in an associate 19 95,884 90,565 Investments in joint ventures 20 278,328 264,985 Other investments 21 151,861 312 Intangible assets 22 3,927 1,037 Deferred tax assets 31 122,862 111,348 Trade and other receivables 23 18,072 10,294 Contract assets 24 – 18,675 9,712,786 8,933,089 Current assets Inventories 16 591,105 749,513 Trade and other receivables 23 518,070 442,755 Contract cost assets 25 40,695 20,552 Contract assets 24 298,664 285,036 Tax recoverable 18,300 28,391 Cash and bank balances 26 621,892 754,949 Biological assets 36 219 – 2,088,945 2,281,196 Assets classified as held for sale 27 – 75,700 Total assets 11,801,731 11,289,985 Note 2020 2019 RM'000 RM'000 Equity and liabilities Equity attributable to owners of the parent Share capital 28 2,044,322 2,044,322 Irredeemable convertible preference shares 30 1,004,593 1,004,593 Treasury shares 28 (6,882) (13,648) Other reserves 29 1,664,148 1,626,715 4,706,181 4,661,982 Perpetual bond 30 252,613 252,661 Non-controlling interests 800,512 734,045 Total equity 5,759,306 5,648,688 Non-current liabilities Deferred tax liabilities 31 543,877 505,055 Borrowings 32 3,078,042 1,576,912 Trade and other payables 33 461,952 501,190 Irredeemable convertible preference shares 30 174,007 163,355 Contract liabilities 34 135,052 135,524 Tax payable – 3,400 Lease liabilities 35 6,126 3,650 4,399,056 2,889,086 Current liabilities Borrowings 32 518,729 942,203 Trade and other payables 33 1,057,505 1,599,617 Irredeemable convertible preference shares 30 3,593 10,915 Contract liabilities 34 48,902 174,806 Tax payable 12,067 21,465 Lease liabilities 35 2,573 3,205 1,643,369 2,752,211 Total liabilities 6,042,425 5,641,297 Total equity and liabilities 11,801,731 11,289,985 As at 31 December 2020 ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 166 167