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Analyze the balance sheet

Analyze the balance sheet

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Analyze the balance sheet
STATEMENTS OF FINANCIAL POSITION As at 31 March 2021 Group Company 2021 2020 2021 2020 Note RM RM RM RM Non-current assets Property, plant and equipment 5 19,629,944 16,369,822 hvestment properties 6 2,475,534 867,729 Intangible assets 7 330,039 465,005 hvestment in subsidiaries 8 33,121,706 28,261,600 Other investment 9 200 Deferred tax assets 10 6,690 668,303 Trade receivables 11 7.030.068 5,206,856 29,472,275 23,577,915 33,121,706 28,261,600 Current assets hventories 12 10,303,703 19,815,810 Trade receivables 11 44,981,754 29,998,395 Other receivables, deposits and prepayments 13 7,493,837 9,909,282 217,100 127,560 Contract assets 27.2 41,508,755 22,355,805 Amount owing by subsidiaries 14 45,248,160 3,000,000 Current tax assets 172,448 17,763 Short term investments 15 15,228,715 10,102,689 15,228,715 10.102,689 Fixed deposits with financial institutions 16 21,377,938 23,391,979 5,116,764 13,108,706 Cash and bank balances 55,595,130 27,462,589 1,034,015 1,833,234 196,662,280 143,036,549 66,862,517 28,172,189 Total assets 226,134,555 166,614,464 99,984,223 56.433.789 Equity Share capital 17 98,420,543 59,841,993 98,420,543 59,841,993 Foreign currency translation reserve 18 18,080 Merger deficit (25,261,600) (25,261,600) Retained earnings 19 58,189,667 46,269,315 1,445,940 (3,525,299) 131,366,690 80,849,708 99,866,483 56,316,694 Non-controlling interest Total equity 995.308 364.356 132,361,998 81,214,064 99,866,483 56,316,694 94
Transcribed Image Text:STATEMENTS OF FINANCIAL POSITION As at 31 March 2021 Group Company 2021 2020 2021 2020 Note RM RM RM RM Non-current assets Property, plant and equipment 5 19,629,944 16,369,822 hvestment properties 6 2,475,534 867,729 Intangible assets 7 330,039 465,005 hvestment in subsidiaries 8 33,121,706 28,261,600 Other investment 9 200 Deferred tax assets 10 6,690 668,303 Trade receivables 11 7.030.068 5,206,856 29,472,275 23,577,915 33,121,706 28,261,600 Current assets hventories 12 10,303,703 19,815,810 Trade receivables 11 44,981,754 29,998,395 Other receivables, deposits and prepayments 13 7,493,837 9,909,282 217,100 127,560 Contract assets 27.2 41,508,755 22,355,805 Amount owing by subsidiaries 14 45,248,160 3,000,000 Current tax assets 172,448 17,763 Short term investments 15 15,228,715 10,102,689 15,228,715 10.102,689 Fixed deposits with financial institutions 16 21,377,938 23,391,979 5,116,764 13,108,706 Cash and bank balances 55,595,130 27,462,589 1,034,015 1,833,234 196,662,280 143,036,549 66,862,517 28,172,189 Total assets 226,134,555 166,614,464 99,984,223 56.433.789 Equity Share capital 17 98,420,543 59,841,993 98,420,543 59,841,993 Foreign currency translation reserve 18 18,080 Merger deficit (25,261,600) (25,261,600) Retained earnings 19 58,189,667 46,269,315 1,445,940 (3,525,299) 131,366,690 80,849,708 99,866,483 56,316,694 Non-controlling interest Total equity 995.308 364.356 132,361,998 81,214,064 99,866,483 56,316,694 94
STATEMENTS OF FINANCIAL POSITION As at 31 March 2021 (cont'd) Group Company 2021 2020 2021 2020 Note RM RM RM RM Non-current liabilities Borrowings 20 2,941,992 3,278,113 Lease liabilities 21 6,889,437 3,213,932 Deferred tax liabilities 10 45,323 Redeemable preference shares 22 5,513,153 5,011,457 Contract liabilities 27.2 3,642,516 1,679,502 Trade payables 23 1,555,638 598,106 20,588,059 13,781,110 Current ligbilities Trade payables 23 50,196,998 43,421,570 Other payables, deposits received and accruals 24 9,554,803 2,882,530 117,740 46,674 Amount owing to a subsidiary 14 38,030 Provisions 25 237,828 768,777 Borrowings 20 2,427,415 7,577,765 Lease liabilities 21 1,705,164 1,225,093 Current tax liabilities 140,081 32,391 Contract liabilities 27.2 9,062,290 15,603,474 73,184,498 71,619,290 117,740 117,095 Total liabilities 93,772,557 117,095 85.400.400 117,740 Total equity and liabilities 226,134,555 166,614,464 99,984,223 56,433,789 The notes to the financial statements form an integral part of the financial statements 95 96 ANNUAL REPORT 2021
Transcribed Image Text:STATEMENTS OF FINANCIAL POSITION As at 31 March 2021 (cont'd) Group Company 2021 2020 2021 2020 Note RM RM RM RM Non-current liabilities Borrowings 20 2,941,992 3,278,113 Lease liabilities 21 6,889,437 3,213,932 Deferred tax liabilities 10 45,323 Redeemable preference shares 22 5,513,153 5,011,457 Contract liabilities 27.2 3,642,516 1,679,502 Trade payables 23 1,555,638 598,106 20,588,059 13,781,110 Current ligbilities Trade payables 23 50,196,998 43,421,570 Other payables, deposits received and accruals 24 9,554,803 2,882,530 117,740 46,674 Amount owing to a subsidiary 14 38,030 Provisions 25 237,828 768,777 Borrowings 20 2,427,415 7,577,765 Lease liabilities 21 1,705,164 1,225,093 Current tax liabilities 140,081 32,391 Contract liabilities 27.2 9,062,290 15,603,474 73,184,498 71,619,290 117,740 117,095 Total liabilities 93,772,557 117,095 85.400.400 117,740 Total equity and liabilities 226,134,555 166,614,464 99,984,223 56,433,789 The notes to the financial statements form an integral part of the financial statements 95 96 ANNUAL REPORT 2021
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