56 MSC BERHAD Statements of Financial Position (cont’d) Group Company 2024 2023 2024 2023 Note RM RM RM RM LIABILITIES Non-current liabilities Term loan 19 6,349,959 - 6,349,959 - Lease liabilities 20 775,462 104,268 - 104,268 Deferred tax liabilities 21 3,002,451 2,362,392 - 2,281,411 10,127,872 2,466,660 6,349,959 2,385,679 Current liabilities Term loan 19 591,216 - 591,216 - Lease liabilities 20 830,708 527,943 330,415 527,943 Trade payables 22 353,635 352,851 17,103 322,386 Other payables 23 3,233,966 3,260,835 564,119 3,176,463 Amount due to subsidiary companies 15 - - 9,247,860 - Contract liabilities 24 3,329,111 3,641,999 - 2,808,748 Tax payable 1,494,309 - - - 9,832,945 7,783,628 10,750,713 6,835,540 Total liabilities 19,960,817 10,250,288 17,100,672 9,221,219 Total equity and liabilities 148,092,747 107,145,908 139,467,313 106,957,541 The accompanying notes form an integral part of the financial statements.
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