Dagang NeXchange Berhad Annual Report 2023

19. LONG-TERM OBLIGATIONS AND PROVISIONS Note Group 31.12.2023 RM’000 30.6.2022 RM’000 Long-term obligations and provisions (a) 2,830 7,320 Provision for employee benefits (b) 1,671 – 4,501 7,320 (a) Long-term obligations and provisions Group 31.12.2023 RM’000 30.6.2022 RM’000 At 1 July 7,320 18,115 Movement in long-term obligations and provisions (4,799) (11,899) Foreign currency translation 309 1,104 At 31 December/30 June 2,830 7,320 Analysed: Long-term obligations – 4,605 Provisions 2,830 2,715 2,830 7,320 Provisions are held for a potential fine in relation to a drilling rig gas release incident in June 2018. During the financial period, tariff payables in relation to the Cook P2 Water Injection well was fully settled. Integrated Report 2023 259

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