200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Statements of financial position (cont'd) As at 31 December 2023 Note 2023 2022 2023 2022 RM RM RM RM Equity and liabilities Current liabilities Loans and borrowings 22 217,432,981 151,644,515 32,860,000 5,900,000 Lease liabilities 23 2,527,451 2,769,568 - - Trade and other payables 24 337,367,195 230,710,465 40,340,074 1,393,065 Contract liabilities 4(b) 20,015,968 15,733,053 - - Current tax liabilities - 3,772,097 69,158 22,299 Provisions 25 9,980,000 11,541,000 - - 587,323,595 416,170,698 73,269,232 7,315,364 Net current assets 437,195,828 567,826,017 21,643,935 66,530,346 Non-current liabilities Loans and borrowings 22 195,941,009 155,993,891 55,000,000 75,000,000 Lease liabilities 23 2,737,492 3,314,868 - - 198,678,501 159,308,759 55,000,000 75,000,000 Total liabilities 786,002,096 575,479,457 128,269,232 82,315,364 Net assets 740,366,593 725,289,929 306,491,844 318,255,741 Equity attributable to owners of the Company Share capital 27 255,944,359 255,944,359 255,944,359 255,944,359 Treasury shares 27 (23,774) (23,774) (23,774) (23,774) Retained earnings 28 424,446,230 420,981,673 16,377,591 28,141,488 Other reserves 29 33,475,896 33,493,369 34,193,668 34,193,668 713,842,711 710,395,627 306,491,844 318,255,741 Non-controlling interests 15(c) 26,523,882 14,894,302 - - Total equity 740,366,593 725,289,929 306,491,844 318,255,741 Total equity and liabilities 1,526,368,689 1,300,769,386 434,761,076 400,571,105 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. Group Company - 19 - STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 089 Annual Report 2023
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