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1 7 2
NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2018
fInanCIal StatementS
28. Finance lease obligations
Group
2018
2017
RM’000
RM’000
Minimum lease payments:
- due no later than one year
772
742
- due later than one year and no later than 5 years
4,423
4,030
- due 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:
- due no later than one year
611
624
- due later than one year and no later than 5 years
2,430
2,284
- due 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
29. Retirement benefit obligations
Group
2018
2017
RM’000
RM’000
At 1 April 2017/2016
1,837
1,391
Recognised in profit or loss (Note 6)
289
284
Contributions paid
(43)
(50)
Remeasurement of defined benefit liability
(49)
100
Exchange differences
(221)
112
At 31 March
1,813
1,837
The foreign subsidiary in Indonesia operates an unfunded defined benefit plan for its eligible employees. The obligations under
the retirement benefit scheme are calculated using the projected unit credit method, is determined by a qualified independent
actuary, considering the estimated future cash outflows using market yields at the reporting date of high quality corporate
bonds. The latest actuarial valuation was carried out using the employee data as at 31 March 2018.