Wah Seong Corporation Berhad Annual Report 2017

FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 75 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2017 Group Company Note 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 NON-CURRENT ASSETS Property, plant and equipment 4 965,096 781,659 4,040 6,337 Prepaid lease payments 5 90,584 120,922 - - Investment properties 6 9,340 11,197 21,287 19,462 Investment in subsidiaries 7 - - 722,201 673,200 Investment in associates 8 185,223 215,183 - - Investment in joint ventures 9 146,446 154,518 - - Available-for-sale financial assets 11 10 10 - - Goodwill and other intangible assets 13 143,390 155,281 - - Deferred tax assets 14 41,724 24,525 2,062 2,175 1,581,813 1,463,295 749,590 701,174 CURRENT ASSETS Inventories 15 290,159 208,398 - - Amounts due from customers on contracts 16 52,467 43,981 - - Trade and other receivables 17 843,136 462,785 14,418 1,908 Amounts owing by subsidiaries 18(a) - - 149,871 255,762 Amounts owing by associates 19(a) 12,722 13,176 13 - Amounts owing by joint ventures 20(a) 55,417 71,932 23 12 Finance lease receivables 10 - 9,725 - - Tax recoverable 15,418 16,112 - - Derivative financial assets 12 94 581 - - Time deposits 21 111,396 151,763 20,972 50,840 Cash and bank balances 22 189,612 163,493 2,221 5,568 1,570,421 1,141,946 187,518 314,090 Assets classified as held for sale 23 18,143 - - - TOTAL ASSETS 3,170,377 2,605,241 937,108 1,015,264