Dagang NeXchange Berhad Annual Report 2019

STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 DAGANG NeXCHANGE BERHAD 104 Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Assets Property, plant and equipment 3 68,299 68,190 68 88 Right-of-use assets 4 5,356 - 509 - Goodwill 5 60,220 60,220 - - Intangible assets 6 41,921 41,933 - - Investments in subsidiaries 7 - - 293,150 273,773 Investments in associates 8 216,112 200,907 - - Other investments 9 3,538 4,633 - - Deferred tax assets 10 2,340 226 192 - Total non-current assets 397,786 376,109 293,919 273,861 Inventories 11 1,316 3,021 - - Contract assets 12 83,447 76,935 - - Trade and other receivables 13 91,003 129,475 561 692 Amount due from subsidiaries 14 - - 52,928 72,451 Current tax assets 1,086 3,530 - - Cash and cash equivalents 15 54,399 38,998 2,759 2,482 Total current assets 231,251 251,959 56,248 75,625 Total assets 629,037 628,068 350,167 349,486 Equity Share capital 16 354,339 354,322 354,339 354,322 Warrant reserve 16 5,691 5,691 5,691 5,691 Share option reserve 16 827 831 827 831 Translation reserve 16 (4,696) (2,264) - - Fair value reserve 16 (734) (734) - - Retained earnings/(Accumulated losses) 114,331 96,750 (47,194) (44,282) Total equity attributable to owners of the Company 469,758 454,596 313,663 316,562 Non-controlling interests 17 (4,392) (13,086) - - Total equity 465,366 441,510 313,663 316,562 Liabilities Deferred tax liabilities 10 7,706 7,524 192 - Loans and borrowings 18 18,854 17,964 - - Lease liabilities 20 2,914 - 228 - Total non-current liabilities 29,474 25,488 420 - Contract liabilities 12 5,317 953 - - Trade and other payables 19 76,265 124,075 2,296 2,559 Loans and borrowings 18 47,415 29,611 28,000 18,000 Lease liabilities 20 2,913 - 292 - Amount due to subsidiaries 14 - - 5,428 12,215 Current tax liabilities 2,287 6,431 68 150 Total current liabilities 134,197 161,070 36,084 32,924 Total liabilities 163,671 186,558 36,504 32,924 Total equity and liabilities 629,037 628,068 350,167 349,486 The notes on pages 111 to 185 are an integral part of these financial statements.