MSM Malaysia Holdings Berhad Annual Report 2020

Group Company Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 EQUITY AND LIABILITIES Capital and reserves Share capital 30 718,255 718,255 718,255 718,255 Reorganisation deficit 31 (1,039,632) (1,039,632) - - Merger relief reserve 31 1,733,939 1,733,939 1,733,939 1,733,939 Foreign exchange reserve 31 1,299 1,835 - - Cash flow hedge reserve 31 (9,209) (4,968) (9,209) (4,968) Retained earnings/(accumulated losses) 176,874 248,102 (724,922) (772,240) Equity attributable to owners of the Company 1,581,526 1,657,531 1,718,063 1,674,986 Non-current liabilities Deferred tax liabilities 32 47,010 51,062 - - Borrowings 34 518,636 605,153 518,636 605,153 Loan due to a subsidiary 26 - - 98,662 - Lease liabilities 37 3,772 4,469 664 1,231 Derivatives financial liabilities 27 10,163 4,968 10,163 4,968 579,581 665,652 628,125 611,352 Current liabilities Payables 33 157,091 129,969 2,528 2,155 Provision for taxation - - - 1,091 Amounts due to subsidiaries 25 - - 751 680 Loan due to a related company 26 47,152 70,431 10,108 37,116 Loan due to a subsidiary 26 - - 30,194 94,758 Amounts due to other related companies 25 1,643 2,059 4 61 Amount due to ultimate holding body 25 221 50 221 - Amount due to immediate holding company 25 12,503 14,246 6,096 5,852 Borrowings 34 388,464 439,631 33,914 98,475 Lease liabilities 37 1,170 1,187 885 750 Derivative financial liabilities 27 929 10 - - 609,173 657,583 84,701 240,938 Total liabilities 1,188,754 1,323,235 712,826 852,290 Total equity and liabilities 2,770,280 2,980,766 2,430,889 2,527,276 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 136 CHAIRMAN’S STATEMENT DELIVERING VALUE MSM OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS GROUP FINANCIAL REPORT