Wah Seong Corporation Berhad Annual Report 2018

Group Company Note 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 EQUITY AND LIABILITIES CAPITAL AND RESERVES ATTRIBUTABLE TO OWNERS OF THE COMPANY Share capital 25 547,690 547,690 547,690 547,690 Treasury shares 27 (4,779) (2,331) (4,779) (2,331) Exchange translation reserves (4,679) (6,220) - - Available-for-sale reserve - 6 - - Retained profits 417,494 355,016 244,124 244,436 955,726 894,161 787,035 789,795 Non-controlling interests 81,118 96,211 - - TOTAL EQUITY 1,036,844 990,372 787,035 789,795 NON-CURRENT AND DEFERRED LIABILITIES Loans and borrowings 28 129,410 201,669 - - Deferred tax liabilities 14 13,804 13,128 - - Trade and other payables 29 6,294 491,929 - - 149,508 706,726 - - CURRENT LIABILITIES Contract liabilities 16 52,792 - - - Amounts due to customers on contracts 17 - 31,759 - - Trade and other payables 29 726,350 618,000 14,258 11,603 Provision for warranties 30 8,895 6,929 - - Amounts owing to subsidiaries 19(b) - - 6,797 1,291 Amounts owing to associates 20(b) - 175 - - Amounts owing to joint ventures 21(b) 3,959 3,314 - - Loans and borrowings 28 718,215 774,854 170,011 134,167 Dividend payable 14,004 13,685 - - Current tax liabilities 55,368 24,563 - 252 1,579,583 1,473,279 191,066 147,313 TOTAL LIABILITIES 1,729,091 2,180,005 191,066 147,313 TOTAL EQUITY AND LIABILITIES 2,765,935 3,170,377 978,101 937,108 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 WAH SEONG CORPORATION BERHAD 80