DESTINI Annual Report 2019

Group Company 2019 2018 2019 2018 Note RM RM RM RM (Restated) Equity Share capital 22 388,236,871 382,806,871 388,236,871 382,806,871 Foreign currency translation reserve 23 5,542,551 12,357,852 - - (Accumulated losses) / Retained earnings (136,084,053) 111,859,274 (35,011,905) (5,525,082) Equity attributable to owners of the parent 257,695,369 507,023,997 353,224,966 377,281,789 Non-controlling interests (2,142,750) (453,093) - - Total Equity 255,552,619 506,570,904 353,224,966 377,281,789 Liabilities Non-Current Liabilities Finance lease liabilities 25 - 1,527,053 - - Lease liabilities 26 14,618,524 - - - Bank borrowings 27 10,173,259 115,611,436 8,562,088 34,177,824 Deferred tax liabilities 28 2,827,745 5,479,741 - 25,093 Redeemable preference shares 29 - 1,346,903 - - Other payables 31 394,228 - - - 28,013,756 123,965,133 8,562,088 34,202,917 Current Liabilities Contract liabilities 15 6,245,280 6,477,984 - - Trade payables 30 81,737,832 70,315,266 - - Other payables 31 79,741,657 40,438,246 2,494,018 471,578 Amount due to subsidiaries 17 - - 11,915,675 13,089,971 Finance lease liabilities 25 - 920,463 - - Lease liabilities 26 6,797,863 - - - Bank borrowings 27 104,575,429 20,490,158 15,984,411 4,092,848 Redeemable preference shares 29 1,350,901 - - - Tax payable 21,353,470 24,373,469 540,012 3,432,468 301,802,432 163,015,586 30,934,116 21,086,865 Total Liabilities 329,816,188 286,980,719 39,496,204 55,289,782 Total Equity and Liabilities 585,368,807 793,551,623 392,721,170 432,571,571 The accompanying notes form an integral part of the financial statements. AS AT 31 DECEMBER 2019 (CONT’D) STATEMENTS OF FINANCIALPOSITION FINANCIAL STATEMENTS 06 ANNUAL REPORT 2019 097