Annual Report
2015
|
DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
95
3.
Property, plant and equipment (cont’d)
3.4 Assets under construction (cont’d)
On 28 March 2016, the Group formally informed the third party that it decided not to take delivery of
one of the two units of work barge which resulted in the forfeiture of the deposits placed of USD8.4
million, equivalent to RM36,069,600 (see Note 40). The forfeited deposit has been written off to the
profit or loss account as at year end (see Note 22).
3.5 Capitalisation of term loan interest - Group
Included in marine vessels construction is an amount of term loan interest capitalised amounting to
RM247,781 (2014: RM526,354).
4.
Prepaid lease payments - Group
Leasehold land
(unexpired
term less than
50 years)
Note
RM
Cost
At 1 January 2014, 31 December 2014/1 January 2015
and 31 December 2015
11,779,080
Amortisation
At 1 January 2014
552,144
Amortisation for the year
23
368,096
At 31 December 2014/1 January 2015
920,240
Amortisation for the year
23
368,096
At 31 December 2015
1,288,336
Carrying amount
At 31 December 2014
10,858,840
At 31 December 2015
10,490,744
Notes to the
Financial Statements
(cont’d)
