FGV Annual Integrated Report 2019

40 FGV HOLDINGS BERHAD MANAGEMENT DISCUSSION & ANALYSIS STATEMENTS AND ANALYSIS KEY FINANCIAL RATIOS Note UOM 2019 2018 (Restated) YoY Total Assets RM million 17,702 18,992 -7% Total Liabilities RM million 11,601 12,388 -6% Deposits, cash and bank balances RM million 1,618 1,220 33% Net Assets (NA) per Share RM 1.14 1.22 -7% Total Equity RM million 6,100 6,604 -8% Earning per Share (EPS) sen (6.7) (29.6) 77% Return on Shareholders’ Fund (ROSF) % (5.90) (24.21) 76% Total Borrowings RM million 4,907 5,403 -9% Total Borrowings and LLA RM million 9,223 9,731 -5% Liquidity Ratio (i) times 1.00 1.02 -2% Gearing Ratio* (ii) times 1.51 1.47 3% Gearing Ratio (excluding LLA) times 0.80 0.82 -2% *Gearing ratio equals to Borrowings, Loan due to a significant shareholder and LLA liability (in Current Liabilities and Non-Current Liabilities) divided by Total Equity. (i) Reduction in Liquidity Ratio due to repayment of long-term loan. (ii) Despite the reduction in total borrowings and LLA by 5%, the gearing ratio increased by 3% due to a decrease in total equity as a result of loss incurred during the year. Group In RM ’ 000 31.12.2019 31.12.2018 (Restated) 1.1.2018 (Restated) Amounts due to joint ventures - 249 - Amounts due to other related companies 1,604 2,559 128,641 Derivative financial liabilities 29,266 7,545 1,039 Borrowings 3,254,504 3,252,605 3,376,922 Lease liabilities 41,838 42,748 40,284 Provision for asset retirement 655 662 648 Provision for litigation loss - 35,541 32,841 Current tax liabilities 34,520 8,606 3,712 LLA liability 252,814 248,172 325,486 4,820,159 5,140,531 5,794,924 Liabilities related to assets held for sale 616 985 22,478 4,820,775 5,141,516 5,817,402 Total liabilities 11,601,339 12,388,376 13,002,456 Total equity and liabilities 17,701,639 18,992,157 20,833,299