DESTINI Annual Report 2020

2020 2019 RM RM Total loans and borrowings 105,270,911 114,748,688 Less: Deposits, bank and cash balances (39,058,456) (26,481,631) Net debt 66,212,455 88,267,057 Total equity 132,448,904 257,695,369 Gearing ratio 50% 34% 42. Capital Management (Cont’d) The Group monitors capital using a gearing ratio. The Group’s policy is to maintain a prudent level of gearing ratio that complies with debt covenants and regulatory requirements. The gearing ratios at end of the reporting period are as follows: There were no changes in the Group’s approach to capital management during the financial year. The Group is not subject to any externally imposed capital requirements. 43. Date of Authorisation for Issue The financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the Directors on 25 May 2021. ANNUAL REPORT 2020 DESTINI BERHAD Notes to Financial Statements 196