DESTINI Annual Report 2020

Group Company 2020 2019 2020 2019 Note RM RM RM RM Equity Share capital 20 453,974,761 388,236,871 453,974,761 388,236,871 Foreign currency translation reserve 21 5,200,078 5,542,551 - - (Accumulated losses) / Retained earnings (326,725,935) (136,084,053) (47,056,842) (35,011,905) Equity attributable to owners of the parent 132,448,904 257,695,369 406,917,919 353,224,966 Non-controlling interests (1,751,428) (2,142,750) - - Total Equity 130,697,476 255,552,619 406,917,919 353,224,966 Liabilities Non-Current Liabilities Lease liabilities 22 7,120,436 14,618,524 - - Bank borrowings 23 20,141,098 10,173,259 13,212,035 8,562,088 Deferred tax liabilities 24 - 2,827,745 - - Tax payables 10,362,855 - - - Other payables 25 458,751 394,228 - - 38,083,140 28,013,756 13,212,035 8,562,088 Current Liabilities Contract liabilities 14 58,219,199 6,245,280 - - Trade payables 27 110,219,207 81,737,832 - - Other payables 25 80,849,718 79,741,657 1,549,973 2,494,018 Amount due to subsidiaries 16 - - 1,389,884 11,915,675 Lease liabilities 22 5,703,310 6,797,863 - - Bank borrowings 23 85,129,813 104,575,429 2,944,144 15,984,411 Redeemable preference shares 26 1,427,487 1,350,901 - - Tax payable 15,176,725 21,353,470 540,012 540,012 356,725,459 301,802,432 6,424,013 30,934,116 Total Liabilities 394,808,599 329,816,188 19,636,048 39,496,204 Total Equity and Liabilities 525,506,075 585,368,807 426,553,967 392,721,170 The accompanying notes form an integral part of the financial statements. As at 31 December 2020 (Cont’d) Statements of Financial Position ANNUAL REPORT 2020 DESTINI BERHAD 91