ANNUAL REPORT 2015 |
165
NOTES TO THE FINANCIAL STATEMENTS
30 June 2015 (cont’d)
21. TERM LOANS (cont’d)
During the financial year, all secured term loans are secured by means of legal charges over freehold land and buildings,
leasehold land and buildings of the Company and its subsidiaries (Notes 7 and 8) and are guaranteed by the Company except
for term loan XI, which is secured by a specific debenture over the furniture, fixtures and fittings and other assets of a subsidiary
(Note 7) and is guaranteed by the Company.
In the previous financial year, term loans VI, VIII, IX, X and XIV were secured by means of legal charges over property under
construction of subsidiaries (Notes 7 and 8) and were guaranteed by the Company.
As at the end of the reporting period, a total of RM5,623,000 (2014: RM62,050,000) has been drawdown in regards to term loan
VI, VIII, IX, X, XIV, XV, XVI, XVII and XVIII.
22. PROVISION FOR RESTORATION COSTS
Group
2015
2014
RM’000
RM’000
Non-current
Provision for restoration costs
1,963
1,465
Current
Provision for restoration costs
447
286
2,410
1,751
(a) Provision for restoration costs comprises estimates of reinstatement costs for stores upon termination of tenancy.
(b) A reconciliation of the provision for restoration costs is as follows:
Group
2015
2014
RM’000
RM’000
Balance as at 1 July 2014/2013
1,751
222
Recognised in property, plant and equipment (Note 7)
543
1,439
Recognised in profit or loss
104
89
Translation adjustments
12
1
Balance as at 30 June 2015/2014
2,410
1,751
