PRG Holdings Berhad Annual Report 2020

26. TRADE AND OTHER PAYABLES (continued) (d) Included in accruals of the Group are provision for restoration cost amounting to RM726,000 (2019: RM676,000), which is in respect of the obligation to dismantle and remove refurbishments on the premises and restore them at the end of the lease term to an acceptable condition. The liabilities for restoration are recognised at present value of the compounded future expenditure estimated using current price and discounted using a discount rate ranged from 4.80% to 7.50% (2019: 4.80% to 7.50%). A reconciliation of the provision for restoration cost is as follows: Group Group 2020 2019 RM’000 RM’000 At 1 January 676 - Effects of adoption of MFRS 16 - 41 Provision made during the year 50 602 Unwinding of discount - 33 At 31 December 726 676 (e) The salient features of the redeemable preference shares (“RPS”) in a subsidiary are as follows: (i) tenure of the RPS is 1 year commencing from and including the issuance dates on 12 March 2020 and 4 June 2020; (ii) the RPS are not convertible to ordinary shares in a subsidiary; and (iii) the RPS carries a coupon interest rate at 18% per annum which payable up front for the entire tenure. (f) The currency exposure profile of trade and other payables are as follows: Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Ringgit Malaysia 65,639 105,448 22,730 11,039 United States Dollar 13,030 1,626 - - Vietnamese Dong 3,605 2,487 - - Hong Kong Dollar 24,555 17,481 8,963 226 Singapore Dollar 2,556 2,371 - - Chinese Renminbi 2,023 4,168 - - 111,408 133,581 31,693 11,265 (g) Information on financial risks of trade and other payables is disclosed in Note 39 to the financial statements. Annual Report 2020 155 Notes to the Financial Statements 31 December 2020 cont’d