SCC Holdings Berhad Annual Report 2018

SCC Holdings Berhad | Annual Report 2018 66. NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2018 (CONT’D) 14. Reserves Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Non-distributable Fair value reserve 70 72 - - Distributable Retained profits 18,286 15,979 3,390 3,435 18,356 16,051 3,390 3,435 Fair Value Reserve Group 2018 2017 RM’000 RM’000 Non-distributable At 1 January 72 58 Fair value (loss)/gain on financial asset at fair value through other comprehensive income (2) 14 At 31 December 70 72 Fair value reserve represents the cumulative net fair value changes in the financial assets at fair value through other comprehensive income financial assets until they are derecognised or impaired. 15. Finance Lease Liabilities Group 2018 2017 RM’000 RM’000 Minimum lease payments: Within one year - 25 Less: Future finance charge - * - Present value of minimum lease payments - 25 Present value of minimum lease payments: Within one year - 25 Analysed as: Repayable within twelve months - 25 * Denotes less than RM1,000 Obligations under finance leases These obligations were secured by a charge over the leased assets as disclosed in Note 4 to the financial statements. The interest rate for the leases is Nil (2017: 2.29%) per annum.