YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2024 250 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 January 2024 16. PROPERTY, PLANT AND EQUIPMENT (CONTINUED) (f) The carrying amount of property, plant and equipment subject to operating leases, primarily comprising FPSO John Agyekum Kufuor (“JAK”) as disclosed in Note 38(b) at each reporting date was as follows: Group 2024 RM million 2023 RM million FPSOs and OSVs 3,223 3,111 (g) Impairment of Offshore Support Vessels (“OSVs”) For the financial year ended 31 January 2024, the Group recognised a reversal of impairment loss of RM11 million on an OSV arising from a higher recoverable amount determined based on fair value less costs to sell. No impairment or reversal was recognised for the financial year ended 31 January 2023. (h) Impairment of solar plant Project cost increases and later than expected commencement of operation in the current financial year were identified as impairment indicators. Consequently, the Group performed an impairment test and recognised an impairment loss of RM32 million (2023: RM117 million) on a solar plant where there was a shortfall between the recoverable amounts determined based on value-in-use and carrying values. The key assumptions used for the value-in-use calculation are as follows: (i) Power generation revenue forecasted over the tenure of the project estimated based on future market outlook and tariff change due to change in law; (ii) Carbon credit revenue estimated based on forward price curve from USD1 to USD12.50 per credit over 25 years (2023: USD4 to USD10 per credit over 25 years); and (iii) Pre-tax discount rate based on the regional industry weighted average cost of capital (“WACC”) of 10.66% (2023: 10.63%).
RkJQdWJsaXNoZXIy NDgzMzc=