149
ANNUAL REPORT 2016
NOTES TOTHE FINANCIAL STATEMENTS
30 JUNE 2016
(Continued)
22. TERM LOANS AND TERM FINANCING-I (“TF-I” ) (continued)
(a)
During the financial year, 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 III, V, VII,
VIII, XI, which is secured by a specific debenture over the furniture, fixtures and fittings and other assets of a subsidiary (Note 7) and
are guaranteed by the Company. The borrowings are also secured by assignment of rental proceeds.
(b)
The term financing-i are Islamic financing facilities that 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
TF-I II which is secured by a specific debenture over the furniture, fixtures and fittings and other assets of a subsidiary (Note 7) and is
secured by assignment of rental proceeds.
(c)
As at the end of the reporting period, a total amount of RM22,889,000 (2015: RM5,623,000) has been drawndown in regards to term
loans XVII, XVIII, XIX and TF-I III.
23. PROVISION FOR RESTORATION COSTS
Group
2016
RM’000
2015
RM’000
Non-current
Provision for restoration costs
2,809
1,963
Current
Provision for restoration costs
87
447
2,896
2,410
(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
2016
RM’000
2015
RM’000
Balance as at 1 July 2015/2014
2,410
1,751
Recognised in property, plant and equipment
347
543
Recognised in profit or loss
80
104
Translation adjustments
59
12
Balance as at 30 June 2016/2015
2,896
2,410
