MSM Malaysia Holdings Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 41 EFFECTS OF CHANGES IN ACCOUNTING POLICY (CONTINUED) Impact on change in accounting policy on Statements of Financial Position Effects on current year Restatement of comparative figures As at 31 December 2019 As at 31 December 2018 As at 1 January 2018 Group (in RM’000) As As Impact on statements Previous Effects of previously Effects of previously Effects of of financial position: Policy MFRS 16 Presented stated MFRS 16 Restated stated MFRS 16 Restated Non-current assets Property, plant and equipment 1,385,455 (90,023) 1,295,432 1,742,369 (182,617) 1,559,752 1,457,282 (186,610) 1,270,672 Prepaid lease payments 379 (379) - 450 (450) - 521 (521) - Rights-of-use assets - 96,174 96,174 - 190,214 190,214 - 194,900 194,900 Non-current liabilities Lease liabilities - 4,469 4,469 - 5,341 5,341 - 5,949 5,949 Deferred tax liabilities 51,143 (81) 51,062 83,458 (74) 83,384 78,675 (68) 78,607 Current liabilities Lease liabilities - 1,187 1,187 - 1,616 1,616 - 1,678 1,678 Equity Retained earnings 247,905 197 248,102 547,607 264 547,871 512,001 210 512,211 MSM Malaysia Holdings Berhad | Annual Report 2019 220