Tropicana Corporation Berhad Annual Report 2020

STATEMENT OF FINANCIAL POSITION - COMPANY As at 31 December 2020 Note 2020 2019 RM'000 RM'000 Assets Non-current assets Property, plant and equipment 15 1,121 1,821 Right-of-use assets 35 730 1,204 Investments in subsidiaries 18 3,070,443 2,989,848 Other investments 21 887 312 Deferred tax assets 31 697 811 Trade and other receivables 23 1,207,389 389 4,281,267 2,994,385 Current assets Trade and other receivables 23 1,586,223 1,554,286 Tax recoverable 198 – Cash and bank balances 26 64,975 52,011 1,651,396 1,606,297 Total assets 5,932,663 4,600,682 Equity and liabilities Equity 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 29 400,256 500,743 3,442,289 3,536,010 Perpetual bond 30 252,613 252,661 Total equity 3,694,902 3,788,671 Note 2020 2019 RM'000 RM'000 Non-current liabilities Borrowings 32 1,524,304 128,104 Irredeemable convertible preference shares 30 174,007 163,355 Lease liabilities 35 283 300 1,698,594 291,759 Current liabilities Borrowings 32 147,457 207,986 Trade and other payables 33 387,667 299,856 Irredeemable convertible preference shares 30 3,593 10,915 Tax payable – 578 Lease liabilities 35 450 917 539,167 520,252 Total liabilities 2,237,761 812,011 Total equity and liabilities 5,932,663 4,600,682 The accompanying accounting policies and explanatory information form an integral part of the financial statements. ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 168 169