ENRA Group Berhad | Annual Report 2022 104 NOTES TO THE FINANCIAL STATEMENTS 31 MARCH 2022 4. PROPERTY, PLANT AND EQUIPMENT (Cont’d) (c) (Cont’d) (ii) Recoverable amount determined from fair value less costs of disposal: The fair value of certain marine equipment was determined based on valuation performed by independent valuer based on comparable vessel and offshore floating assets. No impairment was recognised as the recoverable amount of these marine equipment were higher than its carrying amount as at the end of the period. Both fair value measurement and VIU were categorised as Level 3 fair value as defined in Note 36(c) to the financial statements. (d) As at the end of the reporting period, certain marine equipment of the Group with a carrying amount of RM58,906,000 (2021: RM72,402,000) has been charged as securities for banking facilities granted to the Group as disclosed in Note 22(b) to the financial statements. (e) During the financial year, the Group and the Company made the following cash payments to purchase property, plant and equipment: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Purchase of property, plant and equipment 1,504 23,501 65 77 Financed by term loans – (4,244) – – Cash payments on purchase of property, plant and equipment 1,504 19,257 65 77
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