DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
|
Annual Report
2015
94
3.
Property, plant and equipment (cont’d)
Furniture
and fittings
Company
Note
RM
Cost
At 1 January 2014
10,364
Additions
8,300
At 31 December 2014/1 January 2015
18,664
Additions
-
At 31 December 2015
18,664
Accumulated depreciation
At 1 January 2014
4,303
Depreciation for the year
23
4,343
At 31 December 2014/1 January 2015
8,646
Depreciation for the year
23
4,340
At 31 December 2015
12,986
Carrying amount
At 31 December 2014
10,018
At 31 December 2015
5,678
3.1 Leasehold land
The lease term of both leasehold lands will expire on 2 April 2851 and 30 June 2824 respectively.
3.2 Carrying amount of property, plant and equipment under finance lease liabilities
Four (2014: nil) marine vessels with a total carrying amount of RM343.8 million are under finance lease
liabilities.
3.3 Security - Group
Nineteen (2014: Six) marine vessels with a total carrying amount of RM1,236 million (2014: RM242
million) are pledged to licensed banks or financial institutions for certain banking facilities granted to
the Group (see Note 17).
3.4 Assets under construction
The subsidiary of the Group had entered into two memorandum of agreement with a third party on
23 June 2014 to purchase two units of work barge amounting to USD42 million each. The subsidiary
of the Group had paid 20% of the purchase price of each work barge amounting to USD8.4 million
each as deposit.
Notes to the
Financial Statements
(cont’d)
