Kimlun Corporation Berhad Annual Report 2017

Kimlun Corporation Berhad 66 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2017 Group Note 2017 2016 RM RM Assets Non-current assets Property, plant and equipment 12 206,148,900 155,787,111 Land held for property development 18 69,563,486 51,765,427 Investment properties 13 8,001,824 5,637,194 Other investments 14 369,669 255,431 Investment in joint ventures 16 17,985,089 17,291,337 302,068,968 230,736,500 Current assets Properties held for sale 17 1,829,232 1,829,232 Property development costs 18 32,039,512 54,157,105 Inventories 19 73,885,920 18,444,906 Trade and other receivables 20 412,258,463 466,753,630 Other current assets 21 239,562,788 134,251,248 Cash and bank balances 23 86,571,902 79,025,354 846,147,817 754,461,475 Total assets 1,148,216,785 985,197,975 Equity and liabilities Current liabilities Income tax payable 12,354,830 10,675,800 Loans and borrowings 24 46,032,285 47,373,279 Trade and other payables 25 367,014,854 284,582,324 Other current liability 26 31,019,617 33,076,162 456,421,586 375,707,565 Net current assets 389,726,231 378,753,910 Non-current liabilities Loans and borrowings 24 83,570,437 67,662,037 Deferred tax liabilities 27 432,524 2,565,529 84,002,961 70,227,566 Total liabilities 540,424,547 445,935,131 Net assets 607,792,238 539,262,844 Equity attributable to owners of the Company Share capital 28 223,817,821 155,144,969 Share premium 28 - 47,971,016 Treasury shares 28 (23,774) (23,774) Retained earnings 29 349,663,242 301,357,225 Other reserves 30 34,182,648 34,815,213 607,639,937 539,264,649 Non-controlling interest 152,301 (1,805) Total equity 607,792,238 539,262,844 Total equity and liabilities 1,148,216,785 985,197,975 The accompanying accounting policies and explanatory notes form an integral part of the financial statements.