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Notes to the
Financial Statements
As at 31 March 2019
27. Other reserves (cont’d.)
The nature and purpose of each category of reserve are as follows:
(a) Asset revaluation reserve
The asset revaluation reserve is used to record increases in the fair value of freehold land and buildings
and decreases to the extent that such decreases relates to an increase on the same asset previously
recognised in equity.
(b) Foreign currency translation reserve
The foreign currency translation reserve is used to record exchange differences arising from the translation
of the financial statements of foreign operations whose functional currencies are different from that of the
Group’s presentation currency. It is also used to record the exchange differences arising from monetary
items which form part of the Group’s net investment in foreign operations, where the monetary item is
denominated in either the functional currency of the reporting entity or the foreign operation.
28. Finance lease obligations
Group
2019
2018
RM’000
RM’000
Miminum lease payments:
- due no later than one year
865
772
- due later than one year and no later than 5 years
4,781
4,423
- due later than 5 years
81,159
82,460
Total minimum lease payments
86,805
87,655
Less: Amounts representing finance charges
(71,294)
(71,456)
Present value of minimum lease payments
15,511
16,199
Present value of finance lease payables:
- due no later than one year
643
611
- due later than one year and no later than 5 years
2,550
2,430
- due later than 5 years
12,318
13,158
Present value of minimum lease payments
15,511
16,199
Less: Amount due within 12 months
(643)
(611)
Amount due after 12 months
14,868
15,588
financial
statements
175