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Annual Report 2013
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STATEMENTS OF FINANCIAL POSITION
AS AT 31 DECEMBER 2013
Group Company
Note 2013 2012 2013 2012
RM RM RM RM
ASSETS
Non-current assets
Property, plant and equipment 12 155,148,033 122,668,690 129,453,608 96,177,409
Investment in subsidiaries 13 - - 21,826,538 21,826,538
Investment in associates 14 2,086,720 1,246,749 1,820,000 140,000
Deferred tax assets 23 510,002 771,589 - -
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157,744,755 124,687,028 153,100,146 118,143,947
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Current assets
Inventories 15 52,362,454 47,947,224 13,052,617 26,831,477
Amount due from customers for contract work 20 267,616 - 305,688 -
Trade and other receivables 16 83,607,854 53,576,833 73,078,969 57,376,028
Other current assets 17 570,527 3,325,224 267,312 2,945,000
Investment securities 18 25,649,203 53,870,519 14,906,210 32,485,148
Cash and bank balances 19 11,835,463 15,420,195 9,986,616 1,536,690
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174,293,117 174,139,995 111,597,412 121,174,343
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TOTAL ASSETS 332,037,872 298,827,023 264,697,558 239,318,290
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EQUITY AND LIABILITIES
Current liabilities
Amount due to customers for contract work 20 - 828,970 - 739,754
Loans and borrowings 21 8,521,551 8,537,107 5,747,708 8,214,024
Trade and other payables 22 25,163,487 18,720,660 30,249,282 22,099,918
Income tax payable 549,412 1,343,511 - -
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34,234,450 29,430,248 35,996,990 31,053,696
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Net current assets 140,058,667 144,709,747 75,600,422 90,120,647
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Non-current liabilities
Loans and borrowings 21 9,015,733 2,205,204 9,000,927 2,016,556
Deferred tax liabilities 23 4,200,646 2,138,054 3,467,664 1,250,276
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13,216,379 4,343,258 12,468,591 3,266,832
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Total liabilities 47,450,829 33,773,506 48,465,581 34,320,528
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Net assets 284,587,043 265,053,517 216,231,977 204,997,762
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Equity attributable to owners of the parent
Share capital 24 128,896,000 128,896,000 128,896,000 128,896,000
Retained earnings 25 148,657,883 130,023,146 87,335,977 76,101,762
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277,553,883 258,919,146 216,231,977 204,997,762
Non-controlling interests 7,033,160 6,134,371 - -
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Total equity 284,587,043 265,053,517 216,231,977 204,997,762
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TOTAL EQUITY AND LIABILITIES 332,037,872 298,827,023 264,697,558 239,318,290
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The accompanying accounting policies and explanatory notes form an integral part of the financial statements.