2019 UEM Edgenta Annual Report

144 145 UEM EDGENTA AT A GLANCE MESSAGE FROM OUR LEADERSHIP STRATEGIC FOCUS OPERATIONAL REVIEW SUSTAINABILITY EFFORTS CORPORATE GOVERNANCE INTRODUCTION FINANCIAL REVIEW ADDITIONAL INFORMATION UEM Edgenta Berhad Annual Report 2019 Statements of Financial Position As at 31 December 2019 Group Note 2019 RM’000 2018 RM’000 Assets Non-current assets Property, plant and equipment 13 211,982 185,033 Right-of-use assets 37 30,937 - Land held for property development 14 477 477 Prepaid land lease payments 15 - 2,976 Intangible assets 16 734,304 731,927 Investment in associates 18 77,005 61,235 Other investments 19 272 272 Trade and other receivables 21 126,421 128,339 Contract related assets 22 35,212 20,088 Deferred tax assets 32 13,274 12,963 1,229,884 1,143,310 Current assets Inventories 20 133,773 156,778 Trade and other receivables 21 546,320 768,269 Contract related assets 22 344,736 179,758 Tax recoverable 37,109 23,032 Short term investments 23 62,463 107,178 Cash, bank balances and deposits 24 558,531 496,293 1,682,932 1,731,308 Asset held for sale 25 - 3,073 Total assets 2,912,816 2,877,691 Statements of Financial Position As at 31 December 2019 Group Note 2019 RM’000 2018 RM’000 Equity and liabilities Equity attributable to owners of the parent Share capital 33 268,074 268,074 Capital reserve 34 313,856 313,856 Other reserves 35 3,415 (1,018) Retained earnings 36 986,688 921,397 1,572,033 1,502,309 Non-controlling interests 12,390 14,459 Total equity 1,584,423 1,516,768 Non-current liabilities Retirement benefit obligations 26 3,183 3,516 Defined benefit pension plan 27 1,116 1,759 Provisions 28 2,382 1,872 Borrowings 29 365,561 408,005 Lease liabilities 37 19,131 - Trade and other payables 31 1,612 4,552 Deferred tax liabilities 32 50,391 48,552 443,376 468,256 Current liabilities Retirement benefit obligations 26 564 940 Provisions 28 1,620 1,620 Borrowings 29 153,507 124,460 Lease liabilities 37 11,146 - Trade and other payables 31 671,942 740,199 Contract liabilities 22 21,131 14,368 Income tax payable 25,107 11,080 885,017 892,667 Total liabilities 1,328,393 1,360,923 Total equity and liabilities 2,912,816 2,877,691 The accompanying accounting policies and explanatory information form an integral part of the financial statements.