200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) The financial statements of the Company have been prepared under the historical cost convention and comply with the provisions of the Companies Act, 1965 tax expense for the year is based o the profit for the year, as adjusted for tax purposes, together with a charge or credit for deferred taxation. Inventories are stated at the lower of cost and net realisable value. Fre hold land is not depr ciated. De reciation of other property, plant and equipmen is provided for on a straight line basis to write off the c st of each asset Upo the disposal of an item of property, plant or equipment, the diff rence between the et isposal proceeds and the net ca rying amount s charged or Transactions in foreign currenci s are initially converted into Ringgit Malaysia at rates f excha ge uling at the ransaction dates. A each balanc sheet dat , princi al ac ivities of the Compan re t ca ry on the b siness of manufact rs, wholesal s, traders, distr butor , import s and xporters of all 36. Segment information (cont'd) Manufacturing, trading, and quarry Investment Property Construction services holding development Eliminations Consolidation At 31 December 2020 RM RM RM RM RM RM Assets: Segment assets 871,524,438 323,061,689 308,850,879 345,828,574 (372,288,256) 1,476,977,324 Additions to non-current assets other than financial instruments Property, plant and equipment 1,976,719 10,360,085 - 8,110 - 12,344,914 Right-of-use assets 832,512 3,995,072 - - - 4,827,584 Land held for development - - - 15,873,009 - 15,873,009 Liabilities: Segment liabilities 476,921,980 153,363,832 470,696 190,033,466 (78,106,375) 742,683,599 - 106 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 Annual Repor t 2021 166
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