Sustainability and Governance Report
Not
Notes to the FINANCIAL STATEMENTS
17.
Assets classified as held for sale
The leasehold land and building (the "Property”) of Decorion Sdn. Bhd. ("Decorion”) reported under the Singapore and Malaysia geographical segment, was presented as
held for sale following the commitment of the Group's management on 25 January 2019 to a plan to sell the Property. At that date, Decorion entered into a Sale and
Purchase agreement with a buyer to sell the Property for a consideration of RM9,500,000 (approximately $3,156,000). As at 31 March 2019, the Property had been presented
in the balance sheet as "Assets classified as held for sale". There was no impairment loss recognised as the Properties' fair value less costs to sell was higher than its carrying
amount. The sale of the Property was completed on 24 June 2019.
Balance sheet disclosures
The major class of assets of the sale of leasehold land and building classified as held for sale as at 31 March 2019 were as follows:
Assets
Property, plant and equipment, classified as held for sale
18. Property, plant and equipment
Group
2019
$'000
1,278
Leasehold
Group
land and
building
$'000
Computer
equipment
$'000
Furniture,
fixtures, fittings
and renovations
Plant, machinery
$'000
Motor
vehicles
$'000
and office
equipment
Total
$'000
$'000
Cost
At 1 April 2018
1,571
522
8,017
23
798
10,931
Additions
32
1,595
25
1,652
Disposals
(87)
(934)
(22)
(1,043)
Reclassification to assets held for sale
(1,539)
(1,539)
Write-offs
(256)
(642)
(359)
(1,257)
Exchange differences
(32)
(10)
(155)
(7)
(204)
At 31 March 2019 and 1 April 2019
201
7,881
23
435
8,540
Additions
2
1,215
5
1,222
Disposals
Exchange differences
(22)
13
(1,020)
-
(1,042)
473
3
489
At 31 March 2020
194
8,549
23
443
9,209
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