243 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2023 ACCOUNTABILITY (FINANCIAL STATEMENTS) 16. Property, plant and equipment (continued) (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 2023 RM million 2022 RM million 2023 RM million 2022 RM million FPSOs and OSVs 3,111 3,243 - - Motor vehicles - 1 - - Solar plant and building 369 399 - - Construction work-in-progress 573 - - - 4,053 3,643 - - (c) 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. (d) Additional information for right-of-use assets were as follows: 2023 Buildings RM million Office equipment RM million Total RM million Group Depreciation charge for the financial year 17 1 18 Carrying amounts at the end of financial year 112 - 112 Company Depreciation charge for the financial year 2 - 2 Carrying amounts at the end of financial year 2 - 2 2022 Group Depreciation charge for the financial year 16 - 16 Carrying amounts at the end of financial year 44 1 45 Company Depreciation charge for the financial year 2 - 2 Carrying amounts at the end of financial year 4 - 4 (e) The carrying amount of property, plant and equipment subject to operating leases, primarily comprising FPSO John Agyekum Kufuor (“JAK”) (2022: FPSO JAK and FPSO Adoon) as disclosed in Note 38(b) at each reporting date was as follows: Group 2023 RM million 2022 RM million FPSOs and OSVs 3,111 3,310
RkJQdWJsaXNoZXIy NDgzMzc=