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Annual Report 2014 | S P SETIA BERHAD GROUP | 209

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

At 1 November 2012

Effects of

Effects of

As previously adopting adopting

reported

FRS 10

FRS 11 As restated

RM’000

RM’000

RM’000

RM’000

ASSETS

Non-current assets

Property, plant and equipment

77,315

12,836

(1,865)

88,286

Investment properties

602,310

50,158 (202,277)

450,191

Land held for property development

4,514,037

330,980 (896,058)

3,948,959

Concession assets

11,708

-

-

11,708

Investments in jointly controlled entities

-

-

527,710

527,710

Investments in associated companies

1,891

-

-

1,891

Other investments

337

-

-

337

Amount owing by a former joint venture partner

13,714

-

-

13,714

Amounts owing by jointly controlled entities

57,772

(57,772)

-

-

Deferred tax assets

93,779

24,785

(1,440)

117,124

Total non-current assets

5,372,863

360,987 (573,930)

5,159,920

Current assets

Property development costs

1,606,654

119,051

(54,310)

1,671,395

Gross amount due from customers

25,741

-

(10,103)

15,638

Inventories

23,552

-

(1,527)

22,025

Accrued billings

132,705

21,480

(5,537)

148,648

Trade receivables

471,448

59,377

(15,759)

515,066

Amounts owing by jointly controlled entities

18,174

61,511

242

79,927

Other receivables, deposits and prepayments

139,845

6,953

(24,591)

122,207

Current tax assets

18,759

3,070

(470)

21,359

Deposits

594,206

11,559

(87,493)

518,272

Cash and bank balances

949,357

43,377

(30,723)

962,011

Total current assets

3,980,441

326,378 (230,271)

4,076,548

TOTAL ASSETS

9,353,304

687,365

(804,201)

9,236,468