PRG Holdings Berhad Annual Report 2020

28. DISPOSAL GROUP CLASSIFIED AS HELD FOR SALE (continued) (e) The assets and associated liabilities held for sale as at 31 December 2019 are as follows: PDMSB PEWA FCV Total Note RM’000 RM’000 RM’000 RM’000 Assets held for sale Property, plant and equipment 8 90 9,930 - 10,020 Intangible assets 10 2 5 - 7 Right-of-use assets 9 132 1,754 - 1,886 Investment in associates 12 - - 334 334 Deferred tax assets 15 2,818 - - 2,818 Inventories 168,132 4,578 - 172,710 Trade and other receivables 40,234 2,516 - 42,750 Contract assets 14,511 - - 14,511 Current tax assets 2,117 39 - 2,156 Cash and bank balances 1,122 1,640 - 2,762 229,158 20,462 334 249,954 Less: Impairment loss - (5,624) - (5,624) 229,158 14,838 334 244,330 PDMSB PEWA Total Note RM’000 RM’000 RM’000 Liabilities directly associated with assets held for sale Trade and other payables 99,576 2,069 101,645 Contract liabilities 61,170 37 61,207 Lease liabilities 27 124 2,082 2,206 Borrowings 7,730 3,878 11,608 168,600 8,066 176,666 Included in the above assets are property, plant and equipment with carrying amounts of RM6,107,000 pledged as security for the borrowings classified under liabilities directly associated with assets held for sale. Included in the above assets are right-of-use assets with carrying amounts of RM132,000 pledged as security for the lease liabilities classified under liabilities directly associated with assets held for sale. Included in the above assets are cash and bank balances of RM1,048,000 held under the Housing Development Account pursuant to Section 7A of Housing Development (Control and Licensing) Act, 1966, as amended by the Housing Developers (Housing Development Account) (Amendment) Regulations, 2002. Included in the above liabilities are other payables of RM9,278,000, which represent the present value of the remaining unpaid amount for the purchase consideration of the development land in the inventories under assets held for sale. Annual Report 2020 159 Notes to the Financial Statements 31 December 2020 cont’d