Annual Report
2015
|
DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
137
32. Financial instruments (cont’d)
32.4 Fair value information (cont’d)
Level 3 fair value (cont’d)
Fair values of financial instruments not carried at fair value (cont’d)
Inter-relationship
between significant
Significant
unobservable inputs
Valuation
unobservable
and fair value
Type
technique
inputs
measurement
Group (cont’d)
Finance lease
Discounted
Interest rate
The estimated fair value
liabilities
cash flows
of 6.00%
would increase/(decrease)
(2014: -)
if the interest rate
were (lower)/higher.
Company
Loan to a
Discounted
Interest rate
The estimated fair value
subsidiary
cash flows
of 5.23%
would increase/(decrease)
(2014: 5.23%)
if the interest rate
were higher/(lower).
Term loans
Discounted
Interest rate
The estimated fair value
cash flows
of 5.74%
would increase/(decrease)
(2014: -)
if the interest rate
were (lower)/higher.
33. Capital management
The Group’s objectives when managing capital is to maintain a strong capital base and safeguard the
Group’s ability to continue as a going concern, so as to maintain the confidence of investors, creditors
and other stakeholders in the Group and to sustain the future development of its businesses.
Under the requirement of Bursa Malaysia Practice Note No. 17/2005, the Company is required to maintain
a consolidated shareholders’ equity equal to or not less than the 25 percent of the issued and paid-
up capital (excluding treasury shares) and such shareholders’ equity is not less than RM40 million. The
Company has complied with this requirement.
There were no changes in the Group’s approach to capital management during the financial year.
34. Capital expenditure commitments
Group
2015
2014
RM
RM
Property, plant and equipment
Authorised and contracted for
9,733,328 14,172,000
Notes to the
Financial Statements
(cont’d)
