Page 138 - MSM_AR2020

CHAIRMAN’S DELIVERING MSM MANAGEMENT DISCUSSION GROUP FINANCIAL
STATEMENT VALUE OVERVIEW & ANALYSIS REPORT

STATEMENTS OF FINANCIAL POSITION
AS AT 31 DECEMBER 2020

Group Company
Note 2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000
EQUITY AND LIABILITIES
Capital and reserves

Share capital 30 718,255 718,255 718,255 718,255
Reorganisation deficit 31 (1,039,632) (1,039,632) - -
Merger relief reserve 31 1,733,939 1,733,939 1,733,939 1,733,939
Foreign exchange reserve 31 1,299 1,835 - -
136 Cash flow hedge reserve 31 (9,209) (4,968) (9,209) (4,968)
Retained earnings/(accumulated losses) 176,874 248,102 (724,922) (772,240)
MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
Equity attributable to owners of the Company 1,581,526 1,657,531 1,718,063 1,674,986

Non-current liabilities

Deferred tax liabilities 32 47,010 51,062 - -
Borrowings 34 518,636 605,153 518,636 605,153
Loan due to a subsidiary 26 - - 98,662 -
Lease liabilities 37 3,772 4,469 664 1,231
Derivatives financial liabilities 27 10,163 4,968 10,163 4,968

579,581 665,652 628,125 611,352

Current liabilities
Payables 33 157,091 129,969 2,528 2,155
Provision for taxation - - - 1,091
Amounts due to subsidiaries 25 - - 751 680
Loan due to a related company 26 47,152 70,431 10,108 37,116
Loan due to a subsidiary 26 - - 30,194 94,758
Amounts due to other related companies 25 1,643 2,059 4 61
Amount due to ultimate holding body 25 221 50 221 -
Amount due to immediate holding company 25 12,503 14,246 6,096 5,852
Borrowings 34 388,464 439,631 33,914 98,475
Lease liabilities 37 1,170 1,187 885 750
Derivative financial liabilities 27 929 10 - -
609,173 657,583 84,701 240,938

Total liabilities 1,188,754 1,323,235 712,826 852,290

Total equity and liabilities 2,770,280 2,980,766 2,430,889 2,527,276