Wah Seong Corporation Berhad Annual Report 2020

86 WAH SEONG CORPORATION BERHAD Group Company Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 NON-CURRENT ASSETS Property, plant and equipment 4 423,825 672,852 1,881 1,873 Right-of-use assets 5(a) 242,904 314,428 - - Investment properties 6 9,324 9,340 22,519 22,792 Goodwill and other intangible assets 7 142,336 144,014 - - Deferred tax assets 8 35,364 52,567 3,605 2,455 Investment in subsidiaries 9 - - 782,597 763,597 Investment in associates 10 231,133 207,827 - - Investment in joint ventures 11 81,083 111,627 - - Amount owing by joint ventures 19(a) 26,240 - - - Finance lease receivables 12 - 5,474 - - Contract assets 13 74,242 88,738 - - Amounts owing by a subsidiary 17(a) - - - 64,945 Investment in equity instruments 14 5 6 - - 1,266,456 1,606,873 810,602 855,662 CURRENT ASSETS Inventories 15 195,665 267,078 - - Contract assets 13 149,441 119,373 - - Trade and other receivables 16 359,553 439,848 768 6,069 Amounts owing by subsidiaries 17(a) - - 25,269 104,192 Amounts owing by associates 18(a) 17,480 20,386 - 26 Amounts owing by joint ventures 19(a) 186 47,803 - - Finance lease receivables 12 5,397 12,352 - - Tax recoverable 4,879 3,071 - Derivative financial assets 20 2,256 1,101 - - Time deposits 21 83,883 52,765 5,948 5,323 Cash and bank balances 22 155,647 94,700 772 1,260 974,387 1,058,477 32,757 116,870 Assets classified as held for sale 23 26,979 - - - TOTAL ASSETS 2,267,822 2,665,350 843,359 972,532 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2020