(2,983.5) (3,140.5) (4,466.2) (5,054.2) Amounts due to subsidiaries 14 0 0 (6,944.0) (6,709.1) Amounts due to associates 9 (579.7) (777.6) (568.8) (765.9) Current tax liabilities (108.2) (187.9) (24.1) (37.2) Employee benefits 24 (615.8) (592.5) (589.5) (569.6) Consumer deposits 25 (8,050.1) (7,550.6) (7,659.6) (7,185.7) Short term borrowings 26 (7,330.6) (13,262.2) (4,354.4) (11,112.2) (32,838.6) (37,597.3) (33,190.8) (38,415.1) NET CURRENT ASSETS/(LIABILITIES) 7,809.6 7,458.9 (2,120.3) (1,434.6) TOTAL ASSETS LESS CURRENT LIABILITIES 171,905.0 168,325.0 159,490.2 162,009.8 NON-CURRENT LIABILITIES Borrowings 26 (54,439.6) (50,620.0) (25,323.7) (25,119.7) Derivative financial instruments 19 (10.5) (2.3) 0 0 Contract liabilities 17 (5,449.7) (4,783.1) (4,651.3) (4,039.7) Government development grants 27 (922.8) (875.4) 0 0 Lease liabilities 15 (27,877.4) (30,137.9) (64,820.4) (68,750.9) Deferred tax liabilities 12 (9,018.3) (8,820.3) (6,491.2) (6,640.3) Other liabilities 28 (1,348.7) (1,154.1) (764.4) (714.0) Employee benefits 24 (11,755.3) (10,965.7)(11,024.2) (10,334.5) (110,822.3) (107,358.8) (113,075.2) (115,599.1) TOTAL NET ASSETS 61,082.7 60,966.2 46,415.0 46,410.7 EQUITY Share capital 29 12,499.5 12,204.3 12,499.5 12,204.3 Other reserves 30 (6,682.6) (6,463.3) (6,161.8) (5,453.4) Retained profits 53,008.9 52,776.1 40,077.3 39,659.8 CAPITAL AND RESERVES ATTRIBUTABLE TO OWNERS OF THE COMPANY 58,825.8 58,517.1 46,415.0 46,410.7 NON-CONTROLLING INTERESTS (‘NCI’) 7(b) 2,256.9 2,449.1 0 0 TOTAL EQUITY 61,082.7 60,966.2 46,415.0 46,410.7 The notes set out on pages 213 to 362 form an integral part of these consolidated financial statements. TENAGA NASIONAL BERHAD Integrated Annual Report 2023 204 The notes set out on pages 213 to 362 form an integral part of these consolidated financial statements. Group Company Note 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Revenue 31 53,066.9 50,867.7 48,456.7 46,879.7 Imbalance Cost Pass-Through (‘ICPT’) under recovery 32 10,598.2 22,315.3 10,213.4 21,942.2