164 / 188
160
NOTES TO THE FINANCIAL STATEMENTS
F I N A N C I A L S TAT E M E N T S
28. RETIREMENT BENEFIT OBLIGATIONS (CONT’D.)
(d)
Principal assumptions used by the foreign subsidiary in Indonesia in determining employee benefits liability as of
31 March 2018 and 2017 are as follows: (Cont’d.)
Significant actuarial assumptions for determination of the defined benefit obligation are discount rate and expected
salary increase. The sensitivity analysis below has been determined based on changes to individual assumptions, with
all other assumptions held constant:
Group
2018
2017
RM’000
RM’000
A 1 per cent decrease/increase in discount rate will
increase/decrease the defined benefit obligation by
131
143
A 1 per cent increase/decrease in expected salary growth will
increase/decrease the defined benefit obligation by
127
129
The sensitivity analysis presented above may not be representative of the actual change in defined benefit obligation as
it is unlikely the change in assumptions would occur in isolation of one another as some assumptions may be correlated.
The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to the
previous year.
29. FINANCE LEASE OBLIGATIONS
The minimum lease payments and the present value of the obligations under finance lease for the years ended 31 March 2018
and 2017 are as follows:
Group
2018
2017
RM’000
RM’000
Mininum lease payments:
- Not later than 1 year
772
742
- Later than 1 year but not later than 5 years
4,423
4,030
- Later than 5 years
82,460
83,595
Total minimum lease payments
87,655
88,367
Less: Amounts representing finance charges
(71,456)
(71,567)
Present value of minimum lease payments
16,199
16,800
Present value of finance lease payables:
- Not later than 1 year
611
624
- Later than 1 year but not later than 5 years
2,430
2,284
- Later than 5 years
13,158
13,892
Present value of minimum lease payments
16,199
16,800
Less: Amount due within 12 months
(611)
(624)
Amount due after 12 months
15,588
16,176