notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
5 PREPAID LEASE PAYMENTS
Note
Unexpired
period less
than
50 years
Unexpired
period
50 years
and above
Total
RM’000
RM’000
RM’000
Group
2014
Cost
At 1 January
18,282
172,411
190,693
Transfer from property, plant and equipment
4
-
13,031
13,031
Effect of exchange rate changes
-
5,279
5,279
At 31 December
18,282
190,721
209,003
Accumulated amortisation
At 1 January
4,924
7,579
12,503
Amortisation for the financial year
418
2,604
3,022
Transfer from property, plant and equipment
4
-
421
421
Effect of exchange rate changes
-
193
193
At 31 December
5,342
10,797
16,139
Carrying amount at 31 December
12,940
179,924
192,864
2013
Cost
At 1 January
18,282
88,616
106,898
Acquisition of assets
43(b)
-
78,396
78,396
Effect of exchange rate changes
-
5,399
5,399
At 31 December
18,282
172,411
190,693
Accumulated amortisation
At 1 January
4,506
5,285
9,791
Amortisation for the financial year
418
2,239
2,657
Effect of exchange rate changes
-
55
55
At 31 December
4,924
7,579
12,503
Carrying amount at 31 Dec ember
13,358
164,832
178,190
92
Wah Seong Corporation Berhad • Annual Report 2014
