Page 81 - HRC_AR2020

HENGYUAN REFINING COMPANY BERHAD I 79

stateMent of financial position

AS AT 31 DECEMBER 2020

note 2020 2019
rM’000 rM’000
non-cUrrent assets
Property, plant and equipment 13 1,994,188 1,919,988
Intangible assets 14 12,444 14,070
Right-of-use assets 15 23,444 30,843
Derivative financial assets 19 - 5,087
2,030,076 1,969,988

cUrrent assets
Inventories 16 1,051,689 1,491,087
Trade receivables 17 513,451 713,863
Other receivables and prepayments 18 28,311 18,510
Tax recoverable 2,994 2,208
Derivative financial assets 19 135,180 321,073
Bank balances 20 737,198 1,135,366
2,468,823 3,682,107
total assets 4,498,899 5,652,095

capital anD reserVes attriBUtaBle to oWners
of tHe coMpanY
Share capital 21 300,000 300,000
Retained earnings 22 1,949,927 1,698,944
Cash flow hedge reserve 23 49,552 175,346
Cost of hedging reserve 23 (2,210) (34,059)
Exchange translation reserve 23 (128,888) (128,888)
2,168,381 2,011,343

cUrrent liaBilities
Trade and other payables 24 1,308,516 1,913,426
Amounts due to immediate holding company
and related company 25 14,317 23,749
Lease liabilities 15 7,722 7,336
Derivative financial liabilities 19 53,638 136,086
Borrowings 26 250,689 796,054
1,634,882 2,876,651

non-cUrrent liaBilities
Derivative financial liabilities 19 15,886 13,599
Lease liabilities 15 15,796 23,421
Borrowings 26 549,118 585,859
Deferred tax liabilities 27 114,836 141,222

695,636 764,101
total eQUitY anD liaBilities 4,498,899 5,652,095

The accompanying notes to the financial statements form an integral part of these financial statements.