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Annual Report 2020
180
Notes to the Financial Statements
As at 31 March 2020
kumpulan Fima Berhad
(197201000167)(11817-V)
14. Property, plant and equipment (cont’d.)
(a)
Buildings, plant and machinery, storage tanks and pipelines of the subsidiaries carrying out bulking activities with
a net book value of approximately RM15,246,000 (2019: RM16,778,000) are situated on land which is leased from
Northport (Malaysia) Berhad by the subsidiaries. The lease will expire in 2022.
(b)
Included in the property, plant and equipment of the Group and of the Company are cost of fully depreciated assets
which are still in use amounting to approximately RM260,618,000 (2019: RM247,510,000) and RM2,694,000 (2019:
RM2,496,000) respectively.
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:
Group
At 31 March 2020
At cost
Leasehold
land
RM’000
Buildings
RM’000
Barge
RM’000
Total
RM’000
At 1 April 2019
-
-
-
-
Effects of MFRS 16 adoption
262,899
349
3,576
266,824
At 1 April 2019, as restated
262,899
349
3,576
266,824
Exchange differences
(9)
-
(299)
(308)
At 31 March 2020
262,890
349
3,277
266,516
Accumulated depreciation and
impairment loss
At 1 April 2019
-
-
-
-
Effects of MFRS 16 adoption
31,373
-
-
31,373
At 1 April 2019, as restated
31,373
-
-
31,373
Charge for the year:
- Depreciation
13,909
322
1,759
15,990
- Impairment loss
8,851
-
-
8,851
Exchange differences
-
-
(185)
(185)
At 31 March 2020
54,133
322
1,574
56,029
Analyse as:
Accumulated depreciation
41,336
322
1,574
43,232
Accumulated impairment loss
12,797
-
-
12,797
54,133
322
1,574
56,029
Net carrying amount
208,757
27
1,703
210,487