16.
FINANCE LEASE LIABILITIES (CONT'D)
GROUP
2014
2013
RM
RM
Balance brought forward
194,670
332,094
Future finance charges
(6,262)
(17,804)
Carrying amount at end
188,408
314,290
Analysed as:
Non-current liabilities
56,632
188,408
Current liabilities
131,776
125,882
Carrying amount at end
188,408
314,290
The effective interest rate of the finance lease liabilities is
4.49%
(2013: 4.49%) per annum and is secured
over the leased assets.
17.
DEFERRED INCOME
GROUP
2014
2013
RM
RM
Balance at beginning
2,381,680
5,573,902
Received during the year
402,500
-
Released to profit or loss
(834,612)
(3,192,222)
Balance at end
1,949,568
2,381,680
Deferred income represents government grants received by certain subsidiaries for reimbursements
of development expenditure and capital expenditure on modernisation of specified machineries and
equipment. Deferred income are released to profit or loss over the periods to match the related cost which
the grants are intended to compensate, on a systematic basis.
18.
TRADE PAYABLES
The currency profile of trade payables balances is as follows:
GROUP
2014
2013
RM
RM
Analysis by currencies:
Ringgit Malaysia
9,347,678
8,475,595
US Dollar
120,878
1,687,630
Singapore Dollar
130,545
250,680
Euro
1,465
10,257
Japanese Yen
-
40,423
9,600,566
10,464,585
The normal credit terms of trade payables range from 30 to 180 days.
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2014 (CONT’D)
Pentamaster Corporation Berhad
(572307-U)
•
Annual Report 2014
70
