PRG Holdings Berhad Annual Report 2020

27. LEASE LIABILITIES (continued) (e) The table below summarises the maturity profile of the lease liabilities of the Group at the end of the reporting period based on contractual undiscounted repayment obligations as follows: Group On demand or within One to five Over five one year years years Total 31 December 2020 RM’000 RM’000 RM’000 RM’000 Lease liabilities 5,681 12,119 2,913 20,713 31 December 2019 Lease liabilities 5,410 16,547 2,839 24,796 28. DISPOSAL GROUP CLASSIFIED AS HELD FOR SALE (a) On 26 July 2019, the Company with its subsidiaries, PRG Property Sdn. Bhd. and Premier De Muara Sdn. Bhd. (“PDMSB”) had entered into a conditional share sale agreement with Liveintent Sdn. Bhd. for the proposed disposal of 150,000 ordinary shares representing its entire 60% equity interest in PDMSB by PRG Property Sdn. Bhd. to Liveintent Sdn. Bhd.. Accordingly, the assets and liabilities of PDMSB under property development and construction segment are classified as disposal group classified as held for sale and the financial results of PDMSB are classified as discontinued operations. The disposal was completed on 2 July 2020. Details of the disposal are described in Notes 11(c) and 40(ii) to the financial statements. (b) On 16 September 2019, an associate of the Group, Furnitech Components (Vietnam) Co., Ltd. (“FCV”) had entered into a binding term sheet with an independent third party for the acquisition of entire 100% equity interest in FCV from the current owners of FCV. Accordingly, the investment in FCV under manufacturing segment is classified as disposal group classified as held for sale. (c) On 4 October 2019, a subsidiary of the Company, Furniweb Holdings Limited (“FHL”) had entered into a binding term sheet with an independent third party potential purchaser for the sale of Premier Elastic Webbing & Accessories (Vietnam) Co., Ltd. (“PEWA”), a subsidiary of FHL. Accordingly, the assets and liabilities of PEWA under manufacturing segment are classified as disposal group classified as held for sale and the financial results of PEWA are classified as discontinued operations. The disposal was deemed completed on 10 January 2020. Details of the proposed disposal are described in Notes 11(d) and 40(iii) to the financial statements. (d) The assets held for sale as at 31 December 2020 are as follows: FCV Note RM’000 Assets held for sale Investment in an associate 12 - The carrying amount of investment in FCV as at 31 December 2020 is RM nil. PRG HOLDINGS BERHAD 158 Notes to the Financial Statements 31 December 2020 cont’d