Wah Seong Corporation Berhad Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 144 10 FINANCE LEASE RECEIVABLES Group 2017 RM’000 2016 RM’000 Minimum lease receivables: Not later than 1 year - 9,772 Later than 1 year and not later than 2 years - - - 9,772 Less: Future finance income - (47) Present value of finance lease assets - 9,725 Present value of finance lease receivables: Not later than 1 year - 9,725 Later than 1 year and not later than 2 years - - - 9,725 The effective interest rate of the Group’s finance lease receivables is nil (2016: ranges from 1.77% to 1.88%). Included in minimum lease receivables are the estimated unguaranteed residual values of the leased assets of nil (2016: RM3,501,000). 11 AVAILABLE-FOR-SALE FINANCIAL ASSETS Group Quoted shares in Malaysia RM’000 2017 At fair value 10 Market value of quoted investments 10 2016 At fair value 10 Market value of quoted investments 10