Tropicana Corporation Berhad Annual Report 2024

Note 2024 2023 RM’000 RM’000 Assets Non-current assets Property, plant and equipment 14 110 152 Right-of-use assets 35 – – Investments in subsidiaries 18 4,125,576 2,965,123 Other investments 21 887 887 Deferred tax assets 31 377 470 Trade and other receivables 23 633,709 745,889 4,760,659 3,712,521 Current assets Trade and other receivables 23 703,176 1,871,502 Tax recoverable 466 – Cash and bank balances 26 103,281 32,949 806,923 1,904,451 Total assets 5,567,582 5,616,972 Equity and liabilities Equity Share capital 28 3,309,330 3,051,570 Irredeemable convertible preference shares 30 81,554 301,210 Treasury shares 28 (47,257) (28,440) Other reserves 29 222,341 274,502 3,565,968 3,598,842 Perpetual bond 30 498,961 660,103 Total equity 4,064,929 4,258,945 Non-current liabilities Borrowings 32 633,320 814,264 Irredeemable convertible preference shares 30 9,319 41,686 642,639 855,950 Current liabilities Borrowings 32 500,192 225,467 Trade and other payables 33 357,854 270,115 Irredeemable convertible preference shares 30 1,968 3,754 Tax payable – 2,741 Lease liabilities 35 – – 860,014 502,077 Total liabilities 1,502,653 1,358,027 Total equity and liabilities 5,567,582 5,616,972 The accompanying accounting policies and explanatory information form an integral part of the financial statements. STATEMENT OF FINANCIAL POSITION - COMPANY AS AT 31 DECEMBER 2024 FINANCIAL STATEMENTS & OTHER INFORMATION 239

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