Page 141 - KWAP_AR2022

FoR BetteR RetuRns Annual Report 2022 139

statements of
financial position
as at 31 december 2022

Group KWAP
31 December 31 December 31 December 31 December
2022 2021 2022 2021
Note RM’000 RM’000 RM’000 RM’000
Current Liabilities
derivative financial liabilities 18 - 7,879 - -
trade payables 22 2,422,937 63,839 2,371,761 31,744
other payables and accruals 23 310,558 305,203 137,346 133,133
deferred income 50,635 46,721 - -
borrowings 24 279,184 580,822 - -
lease liabilities 25 2,399 2,554 - -

3,065,713 1,007,018 2,509,107 164,877
Net Current Assets 13,849,651 14,646,408 13,737,024 14,500,760
159,203,692 160,380,092 158,105,707 159,036,184

Financed By:
allocation of statutory funds 26 28,001,944 27,501,944 28,001,944 27,501,944
pension contributions 27 61,877,619 59,742,777 61,877,619 59,742,777
Withdrawal by federal government 28 (17,500,000) (14,500,000) (17,500,000) (14,500,000)
retained earnings 29 92,791,732 92,346,539 92,747,131 92,484,159
other reserves 30 (59,215) (42,540) - -
foreign exchange reserves 30 (77,903) (266) - -
fair Value through other comprehensive
income reserves 30 (7,025,999) (6,197,125) (7,025,999) (6,197,125)
158,008,178 158,851,329 158,100,695 159,031,755

Non-Current Liabilities
derivative financial liabilities 18 800 889 - -
deferred tax liabilities 31 22 38 - -
employee benefits 32 5,012 4,429 5,012 4,429
lease liabilities 25 110,139 117,274 - -
long term deposit 7,161 9,951 - -
borrowings 24 1,072,380 1,396,182 - -
159,203,692 160,380,092 158,105,707 159,036,184

the accompanying accounting policies and explanatory notes form an integral part of the financial statements.