MSM Malaysia Holdings Berhad Annual Report 2019

STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 Group Company Note 31.12.2019 31.12.2018 1.1.2018 31.12.2019 31.12.2018 1.1.2018 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 (Restated) (Restated) (Restated) (Restated) EQUITY AND LIABILITIES Capital and reserves Share capital 30 718,255 718,255 718,255 718,255 718,255 718,255 Reorganisation deficit 31 (1,039,632) (1,039,632) (1,039,632) - - - Merger relief reserve 31 1,733,939 1,733,939 1,733,939 1,733,939 1,733,939 1,733,939 Foreign exchange reserve 31 1,835 1,980 1,079 - - - Cash flow hedge reserve 31 (4,968) 561 717 (4,968) 561 717 Retained earnings/ (accumulated losses) 248,102 547,871 512,211 (772,240) (413,584) 9,057 Equity attributable to owners of the Company 1,657,531 1,962,974 1,926,569 1,674,986 2,039,171 2,461,968 Non-current liabilities Deferred tax liabilities 32 51,062 83,384 78,607 - - 403 Borrowings 34 605,153 556,284 370,339 605,153 556,284 370,339 Lease liabilities 37 4,469 5,341 5,949 1,231 1,864 2,614 Derivatives financial liabilities 27 4,968 - - 4,968 - - Payables 33 - 32 32 - 32 32 665,652 645,041 454,927 611,352 558,180 373,388 Current liabilities Payables 33 129,969 262,148 193,106 2,155 2,778 4,965 Provision for taxation - - - 1,091 - - Amounts due to subsidiaries 25 - - - 680 343 288 Loan due to a related company 26 70,431 30,365 108,826 37,116 - - Loan due to a subsidiary 26 - - - 94,758 72,394 129,843 Amounts due to other related companies 25 2,059 2,844 467 61 140 11 Amount due to FELDA 25 50 50 561 - - 511 Amount due to ultimate holding company 25 14,246 9,213 505 5,852 4,678 2,783 Borrowings 34 439,631 740,461 725,912 98,475 319,254 36,185 Lease liabilities 37 1,187 1,616 1,678 750 906 1,064 Derivative financial liabilities 27 10 630 - - - - 657,583 1,047,327 1,031,055 240,938 400,493 175,650 Total liabilities 1,323,235 1,692,368 1,485,982 852,290 958,673 549,038 Total equity and liabilities 2,980,766 3,655,342 3,412,551 2,527,276 2,997,844 3,011,006 119 FINANCIAL STATEMENTS 08