MSTGOLF Annual Report 2024

143 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 Group Company Note 2024 2023 2024 2023 RM ‘000 RM ‘000 RM ‘000 RM ‘000 ASSETS Non-current assets Property, plant and equipment 3 57,963 53,223 248 261 Right-of-use assets 4 60,946 56,479 - - Intangible assets 5 1,417 1,417 - - Investment in subsidiaries 6 - - 88,815 71,606 Other investments 7 17 17 - - Deferred tax assets 8 704 272 - - Other receivables 11 1,118 437 - - Amount owing by subsidiaries 12 - - 7,823 8,294 Total non-current assets 122,165 111,845 96,886 80,161 Current assets Inventories 9 165,754 150,636 - - Trade receivables 10 3,634 11,834 - - Other receivables 11 16,379 19,109 102 5,509 Amount owing by subsidiaries 12 - - 38,273 36,578 Tax recoverable 5,653 - 333 - Other investments 7 27,804 26,655 26,371 26,655 Fixed deposits with licensed banks 13 23,745 57,374 19,701 34,326 Cash and bank balances 32,308 35,264 4,869 5,788 Total current assets 275,277 300,872 89,649 108,856 TOTAL ASSETS 397,442 412,717 186,535 189,017 EQUITY AND LIABILITIES EQUITY Equity attributable to equity shareholders of the Company:- Share capital 14 165,902 165,902 165,902 165,902 Foreign exchange reserve 15 (90) 5,437 - - Retained earnings 65,948 66,181 19,581 17,387 231,760 237,520 185,483 183,289 Non-controlling interests 6 19,835 18,061 - - Total equity 251,595 255,581 185,483 183,289 The accompanying notes form an integral part of the financial statements.

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