Press Metal Annual Report 2022

Group Company Note 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Assets Property, plant and equipment 3 7,164,885 7,108,872 31 44 Right-of-use assets 4 521,484 499,105 - - Investment properties 5 52,805 59,326 - - Intangible assets 6 66,907 63,506 - - Investments in subsidiaries 7 - - 1,197,234 1,204,362 Investments in associates 8 1,543,596 1,341,665 1,207,691 1,175,477 Other investments 9 1,803 1,803 - - Derivative financial assets 10 391,109 85,690 17,226 14,887 Deferred tax assets 11 715 23,667 - 22,171 Trade and other receivables 12 - - 1,444,633 2,079,714 Prepayments and other assets 6,829 8,254 - - Total non-current assets 9,750,133 9,191,888 3,866,815 4,496,655 Inventories 13 2,794,089 2,733,527 - - Contract assets 14 - 115 - - Trade and other receivables 12 1,987,868 1,731,200 1,860,472 624,977 Prepayments and other assets 37,331 68,985 - - Current tax assets 18,461 9,965 - 317 Derivative financial assets 10 124,398 16,729 1,438 72 Cash and bank balances 15 604,002 458,501 80,351 18,664 Total current assets 5,566,149 5,019,022 1,942,261 644,030 Total assets 15,316,282 14,210,910 5,809,076 5,140,685 Equity Share capital 2,052,744 1,088,487 2,052,744 1,088,487 Reserves 177,542 (693,859) (219,221) (219,388) Retained earnings 4,406,758 3,477,930 371,670 363,384 Equity attributable to owners of the Company 16 6,637,044 3,872,558 2,205,193 1,232,483 Non-controlling interests 1,368,306 1,047,295 - - Total equity 8,005,350 4,919,853 2,205,193 1,232,483 STATEMENTS OF FINANCIAL POSITION As at 31 December 2022 STATEMENTS OF FINANCIAL POSITION ANNUAL REPORT 2022 202

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