Yinson Annual Report 2020

255 Annual Report 2020 16. Property, plant and equipment (continued) (a) Additions to property, plant and equipment which were acquired during the financial year were as follows: Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Cash payment 1,215,647 787,736 659 180 Movement in property, plant and equipment creditors 28,375 42,922 - - Interest capitalised 45,569 17,185 - - Depreciation capitalised 129 - - - Lease liabilities 13,366 3,309 - - 1,303,086 851,152 659 180 (b) The carrying amounts of property, plant and equipment pledged to financial institutions for banking facilities granted to the Group and lease assets pledged to the related finance lease liabilities as disclosed in Note 32 and Note 33(b) at reporting date respectively were as follows: Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 FPSOs and OSVs 3,516,999 4,450,255 - - Motor vehicles 1,868 2,786 - - 3,518,867 4,453,041 - - (c) The Group’s plant and equipment include borrowing costs arising from bank loans borrowed for the purpose of the construction of FPSOs. During the financial year, the borrowing costs capitalised as cost of plant and equipment amounted to RM45,569,000 (2019: RM17,185,000). (d) The FPSO contracts include options for the charterers to purchase the respective FPSOs or to extend their charter periods beyond the initial firm lease period. The purchase option values are based on declining agreed prices, which are in excess of the current net book values of the FPSOs as at the reporting date.