26. 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 2021 RM’000 RM’000 RM’000 RM’000 Lease liabilities 449 967 3,132 4,548 31 December 2020 Lease liabilities 5,681 12,119 2,913 20,713 27. 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 were classified as disposal group classified as held for sale and the financial results of PDMSB were classified as discontinued operations. The disposal was completed on 2 July 2020. Details of the disposal are described in Note 10(c)(ii) to the financial statements. (b) 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 were classified as disposal group classified as held for sale and the financial results of PEWA were classified as discontinued operations. The disposal was deemed completed on 10 January 2020. Details of the proposed disposal are described in Note 10(c)(i). (c) Analysis of the results of the discontinued operations is as follows: 2020 PDMSB PEWA Total RM’000 RM’000 RM’000 Statements of profit or loss and other comprehensive income Revenue (783) - (783) Cost of sales (202) - (202) Gross loss (985) - (985) Other income 52 - 52 Distribution costs 4 - 4 Administrative expenses (459) - (459) Interest income 2 - 2 Finance costs (232) - (232) Loss before tax (1,618) - (1,618) NOTES TO THE FINANCIAL STATEMENTS 161 P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 31 December 2021 (cont’d)
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