GHL System Berhad Annual Report 2017

GHL SYSTEMS BERHAD 68 Group Company 2017 2016 2017 2016 Note RM RM RM RM ASSETS Non-current assets Property, plant and equipment 11 64,810,295 59,567,866 5,884,495 5,582,314 Intangible assets 12 1,929,163 2,404,929 181,448 240,690 Goodwill 13 105,629,787 105,629,787 - - Investments in subsidiaries 14 - - 22,471,518 22,471,512 Investments in joint ventures 15 181,221 113,968 - - Available-for-sale investments 16 8,000,000 8,000,000 - - Deferred tax assets 17 1,499,727 1,206,797 - - 182,050,193 176,923,347 28,537,461 28,294,516 Current assets Inventories 18 63,524,478 83,494,026 617,519 874,320 Trade and other receivables 19 68,942,613 51,616,865 46,388,584 53,635,033 Current tax assets 4,720,001 1,320,791 - - Cash and bank balances 20 107,499,945 83,863,854 16,085,617 8,910,398 244,687,037 220,295,536 63,091,720 63,419,751 TOTAL ASSETS 426,737,230 397,218,883 91,629,181 91,714,267 EQUITY AND LIABILITIES Equity attributable to owners of the parent Share capital 21 208,109,527 130,944,998 208,109,527 130,944,998 Treasury shares (305,847) (638,221) (305,847) (638,221) Reserves 22 (3,919,382) 75,711,950 - 72,986,965 Retained earnings/(Accumulated losses) 70,311,094 53,126,484 (131,178,861) (127,732,764) 274,195,392 259,145,211 76,624,819 75,560,978 Non-controlling interests 129,076 75,605 - - TOTAL EQUITY 274,324,468 259,220,816 76,624,819 75,560,978 STATEMENTS OF FINANCIAL POSITION as at 31 December 2017