DESTINI Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS 44. 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. 45. 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 19 June 2020. 2018 2017 RM RM Total loans and borrowings 114,748,688 138,549,110 Less: Deposits, bank and cash balances (26,481,631) (60,148,461) Net debt 88,267,057 78,400,649 Total equity 257,695,369 507,023,997 Gearing ratio 34% 15% 06 FINANCIAL STATEMENTS DESTINI BERHAD 202