Registration No. 200301030845 (633265-K) - 17 - DESTINI BERHAD (Incorporated in Malaysia) STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2022 2022 2021 2022 2021 Note RM RM RM RM Assets Non-Current Assets Property, plant and equipment 4 37,166,759 43,162,227 19,507,467 20,952,350 Right-of-use assets 5 19,684,518 20,625,437 732,242 740,752 Investment in subsidiaries 6 - - 110,223,879 141,372,229 Investment in associates 7 - - - - Investment in joint ventures 8 - - - - Investment in securities 9 130,001 180,000 130,000 180,000 Intangible assets 10 70,339,965 71,199,776 - - Other receivables 11 14,386,972 12,247,221 13,061,519 12,247,221 Other investment 12 320,000 320,000 150,000 150,000 142,028,215 147,734,661 143,805,107 175,642,552 Current Assets Inventories 13 13,310,332 12,098,726 - - Contract assets 14 2,450,952 97,298,184 - - Trade receivables 15 44,002,178 66,169,714 - - Other receivables 11 41,268,121 62,333,194 3,690,575 683,222 Amount due from subsidiaries 16 - - 126,825,983 259,709,189 Amount due from joint ventures 17 - 500,000 - - Amount due from an associate company 18 6,255,486 6,247,881 - - Tax recoverable 3,670,526 3,633,497 - - Fixed deposits with licensed banks 19 16,787,513 20,578,083 - 2,000,000 Cash and bank balances 10,787,668 29,832,222 5,094,326 1,189,905 138,532,776 298,691,501 135,610,884 263,582,316 Total Assets 280,560,991 446,426,162 279,415,991 439,224,868 Group Company Statements of Financial Position As at 31 December 2022 95 ANNUAL REPORT 2022 DESTINI BERHAD
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