MISC Annual Report 2018

HIGHLIGHTS OF THE YEAR OUR BUSINESS OUR LEADERSHIP OUR PERFORMANCE OUR COMMITMENT TO SUSTAINABILITY OUR GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION 50 TH ANNUAL GENERAL MEETING 217 MISC BERHAD ANNUAL REPORT 2018 216 Group Note 2018 RM'000 2017 RM'000 Equity Equity attributable to equity holders of the Corporation Share capital 27 8,923,262 8,923,262 Treasury shares 27 (271) - Other reserves 28 6,584,004 5,959,545 Retained profits 19,844,154 19,961,391 35,351,149 34,844,198 Non-controlling interests 1,012,982 1,060,566 36,364,131 35,904,764 Non-current liabilities Interest-bearing loans and borrowings 19(c) 7,271,413 3,946,285 Deferred tax liabilities 29 32,418 31,142 Derivative liabilities 19(b) 5,836 - Deferred income 30 612,421 635,377 7,922,088 4,612,804 44,286,219 40,517,568 STATEMENTS OF FINANCIAL POSITION STATEMENTS OF FINANCIAL POSITION The accompanying accounting policies and explanatory notes form an integral part of the financial statements. The accompanying accounting policies and explanatory notes form an integral part of the financial statements. Corporation Note 2018 2017 RM'000 RM'000 Non-current assets Ships 13 4,705,158 4,917,197 Other property and equipment 13 163,352 93,701 Prepaid lease payments on land and buildings 14 3,730 3,775 Investments in subsidiaries 16 18,669,894 15,858,081 Investments in associates 17 124 122 Investments in joint ventures 18 197,488 258,390 Other non-current financial assets 19(a) 1,354,508 2,031,343 Finance lease receivables 19(d) 1,082,591 - Finance lease assets under construction 20 - 688,489 26,176,845 23,851,098 Current assets Inventories 21 - 21,315 Trade and other receivables 22 3,003,130 3,528,387 Cash, deposits and bank balances 24 1,957,819 2,577,773 4,960,949 6,127,475 Non-current asset classified as held for sale 25 - 40,595 4,960,949 6,168,070 Current liabilities Trade and other payables 26 1,183,374 1,144,646 Interest-bearing loans and borrowings 19(c) 2,048,630 2,275,362 3,232,004 3,420,008 Net current assets 1,728,945 2,748,062 27,905,790 26,599,160 Equity Equity attributable to equity holders of the Corporation Share capital 27 8,923,262 8,923,262 Treasury shares 27 (271) - Other reserves 28 4,092,388 1,981,759 Retained profits 10,641,671 10,744,934 23,657,050 21,649,955 Non-current liability Interest-bearing loans and borrowings 19(c) 4,248,740 4,949,205 27,905,790 26,599,160 As at 31 December 2018 As at 31 December 2018