STATEMENTS OF FINANCIAL POSITION Registration No. 200301030845 (633265-K) - 17 - The accompanying notes form an integral part of the financial statements. DESTINI BERHAD (Incorporated in Malaysia) STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2024 (CONT’D) 30.6.2024 31.12.2022 30.6.2024 31.12.2022 Note RM RM RM RM Equity Share capital 20 574,046,216 479,828,496 574,046,216 479,828,496 Warrant reserve 21 38,864,810 - 38,864,810 - Foreign currency translation reserve 22 (2,748,192) 1,344,626 - - Accumulated losses (488,567,624) (355,094,918) (488,856,654) (237,617,563) Equity attributable to owners of the parent 121,595,210 126,078,204 124,054,372 242,210,933 Non-controlling interests (6,785,421) (3,398,514) - - Total Equity 114,809,789 122,679,690 124,054,372 242,210,933 Liabilities Deferred tax liabilities 23 - 176,636 - - Other payables 24 245,300 925,671 - - Lease liabilities 25 1,150,057 1,093,495 - - Bank borrowings 26 8,017,394 10,302,709 3,652,521 6,083,170 Tax payable - 7,997,170 - - 9,412,751 20,495,681 3,652,521 6,083,170 Current Liabilities Contract liabilities 14 8,205,942 1,763,996 - - Trade payables 27 26,031,231 53,302,246 - - Other payables 24 86,946,209 59,695,903 40,863,735 4,240,865 Amount due to subsidiaries 16 - - 19,900,778 21,680,424 Lease liabilities 25 874,475 949,896 - - Bank borrowings 26 11,651,574 6,513,275 924,911 4,319,520 Redeemable preference shares 28 1,571,496 1,357,440 - - Tax payable 3,377,836 13,802,864 999 881,079 138,658,763 137,385,620 61,690,423 31,121,888 Total Liabilities 148,071,514 157,881,301 65,342,944 37,205,058 Total Equity and Liabilities 262,881,303 280,560,991 189,397,316 279,415,991 Non-Current Liabilities Group Company 94 DESTINI BERHAD ANNUAL REPORT 2024
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