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208 | S P SETIA BERHAD GROUP | Annual Report 2014

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

50. CHANGES IN COMPARATIVES (CONT’D)

Statement of Financial Position (cont’d)

At 31 October 2013

Effects of

Effects of

As previously adopting adopting

reported

FRS 10

FRS 11 As restated

RM’000

RM’000

RM’000

RM’000

EQUITY AND LIABILITIES

Equity

Share capital

1,844,034

-

-

1,844,034

Share premium

2,128,696

-

-

2,128,696

Share based payment reserve

23,529

-

-

23,529

Exchange translation reserve

(987)

-

4,057

3,070

Retained earnings

1,530,271

(48,535)

(5,369)

1,476,367

Equity attributable to owners of the Company

5,525,543

(48,535)

(1,312)

5,475,696

Non-controlling interests

(846)

256,084

-

255,238

Total equity

5,524,697

207,549

(1,312)

5,730,934

Non-current liabilities

Long term borrowings

3,915,084

94,498

(673,318)

3,336,264

Redeemable cumulative preference shares

-

74,831

-

74,831

Deferred tax liabilities

4,951

1,303

(21)

6,233

Total non-current liabilities

3,920,035

170,632 (673,339)

3,417,328

Current liabilities

Gross amount due to customers

2,311

-

-

2,311

Trade payables

546,434

48,757

(22,636)

572,555

Progress billings

810,700

102,620

-

913,320

Other payables and accruals

985,616

51,427

(365,141)

671,902

Short term borrowings

553,554

40,014

(12,504)

581,064

Bank overdrafts

60,875

-

-

60,875

Current tax liabilities

37,540

4,950

(792)

41,698

Total current liabilities

2,997,030

247,768

(401,073)

2,843,725

Total liabilities

6,917,065

418,400 (1,074,412)

6,261,053

TOTAL EQUITY AND LIABILITIES

12,441,762

625,949 (1,075,724)

11,991,987