SCC Holdings Berhad Annual Report 2017

62 SCC Holdings Berhad (511477-A) | Annual Report 2017 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2017 (CONT’D) 15. Finance Lease Liabilities Group 2017 2016 RM’000 RM’000 Minumum lease payments: Within one year 25 69 Later than one year and not later than five years - 25 25 94 Less: Future finance charge - (2) Present value of minimum lease payments 25 92 Present value of minimum lease payments: Within one year 25 67 Later than one year and not later than five years - 25 25 92 Analysed as: Repayable within twelve months 25 67 Repayable after twelve months - 25 25 92 Obligations under finance leases These obligations are secured by a charge over the leased assets as disclosed in Note 4 to the financial statements. The interest rate for the leases is 2.29% (2016: 2.29%) per annum. 16. Deferred Tax Liabilities Group 2017 2016 RM’000 RM’000 At 1 January 77 167 Recognised in profit or loss 123 (90) At 31 December 200 77