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Notes to the
Financial Statements
As at 31 March 2020
Fima CORPORATION Berhad
(197401004110) (21185-P) •
Annual Report 2020
174
31. Lease liabilities/finance lease obligations
Lease liabilities
The carrying amount and the movement of lease liabilities for the year ended 31 March 2020 is as follows:
Group
2020
RM’000
At 1 April 2019
-
Effects of MFRS 16 adoption
19,436
Payments
(3,048)
Interest expense (Note 6)
371
Exchange differences
(118)
At 31 March
16,641
Analysed as:
Current
2,406
Non-current
14,235
The following are the amounts recognised in profit or loss:
Group
2020
RM’000
Depreciation expense of right-of-use assets (Note 7)
5,471
Interest expense on lease liabilities
371
Finance lease obligations
The minimum lease payments and the present value of the obligations under finance leases for the year ended 31 March 2019 is as
follows:
Group
2019
RM’000
Minimum lease payments:
- Not later than 1 year
865
- Later than 1 year but not later than 5 years
4,782
- Later than 5 years
81,159
Total minimum lease payments
86,806
Less: Amounts representing finance charges
(71,295)
Present value of minimum lease payments
15,511