Wah Seong Corporation Berhad Annual Report 2019

83 ANNUAL REPORT 2019 Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 NON-CURRENT ASSETS Property, plant and equipment 4 672,852 831,587 1,873 1,890 Right-of-use assets 5(a) 314,428 - - - Prepaid lease payments 6 - 89,256 - - Investment properties 7 9,340 16,621 22,792 23,065 Goodwill and other intangible assets 8 144,014 145,404 - - Deferred tax assets 9 52,567 43,344 2,455 2,423 Investment in subsidiaries 10 - - 763,597 763,597 Investment in associates 11 207,827 182,029 - - Investment in joint ventures 12 111,627 126,368 - - Finance lease receivables 13 5,474 18,042 - - Contract assets 14 88,738 - - - Amounts owing by a subsidiary 18(a) - - 64,945 - Investment in equity instruments 15 6 6 - - 1,606,873 1,452,657 855,662 790,975 CURRENT ASSETS Inventories 16 267,078 324,666 - - Contract assets 14 119,373 95,869 - - Trade and other receivables 17 439,848 560,707 6,069 12,989 Amounts owing by subsidiaries 18(a) - - 104,192 163,851 Amounts owing by associates 19(a) 20,386 11,617 26 20 Amounts owing by joint ventures 20(a) 47,803 55,471 - - Finance lease receivables 13 12,352 14,380 - - Tax recoverable 3,071 15,479 - 303 Derivative financial assets 21 1,101 146 - - Time deposits 22 52,765 76,373 5,323 9,109 Cash and bank balances 23 94,700 156,363 1,260 854 1,058,477 1,311,071 116,870 187,126 Assets classified as held for sale 24 - 2,207 - - TOTAL ASSETS 2,665,350 2,765,935 972,532 978,101 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019