Boustead Plantations Berhad | Integrated Report 2023

The accompanying accounting policies and explanatory notes form an integral part of these financial statements. Group Company 2023 2022 2023 2022 Note RM’000 RM’000 RM’000 RM’000 EQUITY AND LIABILITIES Equity Share capital 23 1,422,344 1,422,344 1,422,344 1,422,344 Non-distributable reserves 24 – (273) – – Retained profits 25 1,495,818 1,550,547 846,144 854,346 Equity attributable to equity holders of the parent 2,918,162 2,972,618 2,268,488 2,276,690 Non-controlling interests (121,040) (114,331) – – Total equity 2,797,122 2,858,287 2,268,488 2,276,690 Non-current liabilities Borrowings 26 253,075 394,757 253,075 394,757 Deferred tax liabilities 18 302,669 299,327 88,121 84,275 Lease liabilities 27 6,836 7,233 1,041 1,383 Payables 28 7,710 6,774 5,852 4,983 570,290 708,091 348,089 485,398 Current liabilities Borrowings 26 521,196 462,096 521,196 462,096 Lease liabilities 27 3,419 2,309 354 369 Payables 28 131,402 181,211 162,131 213,324 Taxation 3,718 23,738 1,770 12,422 659,735 669,354 685,451 688,211 Total liabilities 1,230,025 1,377,445 1,033,540 1,173,609 Total equity and liabilities 4,027,147 4,235,732 3,302,028 3,450,299 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 193 Integrated Report 2023

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