Wah Seong Corporation Berhad Annual Report 2017

FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 76 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2017 Group Company Note 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 EQUITY AND LIABILITIES CAPITAL AND RESERVES ATTRIBUTABLE TO OWNERS OF THE COMPANY Share capital 24 547,690 387,444 547,690 387,444 Share premium 25 - 160,246 - 160,246 Treasury shares 26 (2,331) (2,331) (2,331) (2,331) Exchange translation reserves (6,220) (11,469) - - Available-for-sale reserve 6 6 - - Retained profits 355,016 241,995 244,436 223,520 894,161 775,891 789,795 768,879 Non-controlling interests 96,211 91,913 - - TOTAL EQUITY 990,372 867,804 789,795 768,879 NON-CURRENT AND DEFERRED LIABILITIES Loans and borrowings 27 201,669 - - - Deferred tax liabilities 14 13,128 19,399 - - Trade and other payables 28 491,929 97,501 - - 706,726 116,900 - - CURRENT LIABILITIES Amounts due to customers on contracts 16 31,759 22,563 - - Trade and other payables 28 618,000 329,545 11,603 12,303 Provision for warranties 29 6,929 9,470 - - Amounts owing to a subsidiary 18(b) - - 1,291 372 Amounts owing to associates 19(b) 175 181 - - Amounts owing to joint ventures 20(b) 3,314 2,977 - - Loans and borrowings 27 774,854 1,231,501 134,167 233,402 Dividend payable 13,685 13,808 - - Current tax liabilities 24,563 10,492 252 308 1,473,279 1,620,537 147,313 246,385 TOTAL LIABILITIES 2,180,005 1,737,437 147,313 246,385 TOTAL EQUITY AND LIABILITIES 3,170,377 2,605,241 937,108 1,015,264