Notes to the
Financial Statements
As at 31 March 2020
Fima CORPORATION Berhad
(197401004110)
(21185-P)
• Annual Report 2020
155
15. Right-of-use assets
As lessee
The carrying amount and the movement of right-of-use assets for the year ended 31 March 2020 is as follows:
Leasehold
land
Buildings
Barge
Total
RM’000
RM’000
RM’000
RM’000
Group
At 31 March 2020
Cost
At 1 April 2019
-
-
-
-
Effects of MFRS 16 adoption
128,017
349
3,576
131,942
At 1 April 2019, as restated
128,017
349
3,576
131,942
Exchange differences
(9)
-
(299)
(308)
At 31 March 2020
128,008
349
3,277
131,634
Accumulated depreciation and impairment loss
At 1 April 2019
-
-
-
-
Effects of MFRS 16 adoption
19,432
-
-
19,432
At 1 April 2019, as restated
19,432
-
-
19,432
Charge for the year:
- Depreciation
3,390
322
1,759
5,471
- Impairment loss
8,851
-
-
8,851
Exchange differences
-
-
(185)
(185)
At 31 March 2020
31,673
322
1,574
33,569
Analysed as:
Accumulated depreciation
19,697
322
1,574
21,593
Accumulated impairment loss
11,976
-
-
11,976
31,673
322
1,574
33,569
Net carrying amount
96,335
27
1,703
98,065
Right-of-use assets are mainly in relation to lease of land from state governments and lease of office building and barge from third
parties.