Datasonic Group Berhad Annual Report 2020

DATASONIC GROUP BERHAD I ANNUAL REPORT 2020 (Registration No. 200801008472 (809759-X)) 200 Notes to the Financial Statements for the financial year ended 31 March 2020 (Cont’d) 53. INITIAL APPLICATION OF MFRS 16 (cont’d) Lessee Accounting (Cont’d) The following table explains the difference between the operating lease commitments disclosed in the last financial year (determined under MFRS 117) and the lease liabilities recognised at 1 April 2019: Group Company RM’000 RM’000 Operating lease commitments as at 31 March 2019  as disclosed in last financial year 575 372 Discounted using the incremental borrowing rate as at 1 April 2019 575 372 Add: Finance lease liabilities recognised as at 31 March 2019 12,279 413 Less: Recognition exemption for short-term leases (426) (347) Less: Recognition exemption for low-value assets (149) (25) Lease liabilities recognised as at 1 April 2019 12,279 413 There were no financial impacts to the Group’s and the Company’s retained earnings as at 1 April 2019. The main impacts resulting from the adoption of MFRS 16 at 1 April 2019 are summarised below:- < ------------------ 1 April 2019 ------------------ > As Previously MFRS 16 As Reported Adjustments Restated RM’000 RM’000 RM’000 Statements of Financial Position Group Property, plant and equipment (Note 5) 177,575 (32,792) 144,783 Right-of-use assets (Note 6) – 32,792 32,792 Lease liabilities (Note 27): - non-current liabilities – 4,842 4,842 - current liabilities – 7,437 7,437 Hire purchase and finance lease  payables (secured) (Note 26):  - non-current liabilities 4,842 (4,842) –  - current liabilities 7,437 (7,437) – Company Property, plant and equipment (Note 5) 17,830 (10,224) 7,606 Right-of-use assets (Note 6) – 10,224 10,224 Lease liabilities (Note 27): - non-current liabilities – 317 317 - current liabilities – 96 96 Hire purchase and finance lease  payables (secured) (Note 26):  - non-current liabilities 317 (317) –  - current liabilities 96 (96) –