Malaysia Steel Manufacturer   

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As at 31 Dec (RM’000)       2022     2023

ASSETS

         
Non-current assets          
Property, plant and equipment   807,248 801,203
Right-of-use assets   18,030 17,115  
Investment in associate   7,368 10,968
Deferred tax assets    –
    832,646  829,286
Current assets          
Inventories   714,429 791,066
Trade and other receivables   193,098 288,006
Other investment    
Tax recoverable   445 609
Fixed deposits with licensed banks   24,830 20,569
Cash and bank balances   38,008 33,797
    970,810  1,134,047
TOTAL ASSETS    1,803,456   1,963,333
           
EQUITY AND LIABILITIES          
Equity attributable to equity holders of the Company          
Share capital
Subscription money received
 

329,648

329,648

 
Share premium  
Revaluation reserves   76,649 76,649
Treasury shares   (587) (587)
Retained earnings   424,421 426,825
    862,955 865,359
Non-current liabilities          
Borrowings
Lease liabilities
  87,142
67,860
Deferred Tax Liabilities   3,936 8,040
    94,415  77,546
Current liabilities          
Trade and other payables   458,247 589,183
Tax payable   17 38
Lease liabilities   3,522 2,116
Trade deposits  
Borrowings   384,300 429,091
    846,086 1,020,428
TOTAL LIABILITIES   940,501 1,097,974
TOTAL EQUITY AND LIABILITIES   1,803,456 1,963,333

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