Notes To The Financial Statements (Cont’d) 31 March 2026 SECTION 05 : FINANCIAL STATEMENTS & OTHERS 118 Registration No: 40 199201005296 (236800 - T) 4. PROPERTY, PLANT AND EQUIPMENT (continued) (e) During the financial year, the Group revised the remaining estimated useful life of a vessel from eleven (11) years to twenty-one (21) months based on management's reassessment of the period over which future economic benefits are expected to be derived from the vessel. The revision is consistent with the Group's business plan to dispose of the vessel in December 2026 upon completion of the current leasing contract. Accordingly, the estimated residual value of the vessel was revised to RM20,188,000, representing its expected salvage value upon disposal. The effects of these changes in accounting estimates on depreciation expense recognised in cost of sales in the current and future financial periods are as follows: 2026 2027 Later RM’000 RM’000 RM’000 Vessel depreciation Before change in estimated useful life and residual value 4,031 4,276 38,486 After change in estimated useful life and residual value 13,949 12,010 - Effect of change in estimated useful life and residual value (9,918) (7,734) 38,486 (f) As at the end of the reporting period, certain marine equipment of the Group with a carrying amount of RM32,558,000 (2025: RM44,296,000) have been charged as security for banking facility granted to the Group as disclosed in Note 17(b) to the financial statements. 5. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES The Group and the Company as lessee (a) Right-of-use assets Balance Depreciation Balance Group as at Remeasure- charge for as at 1.4.2025 Addition ment the year 31.3.2026 RM’000 RM’000 RM’000 RM’000 RM’000 Carrying amount Leasehold land 8,403 - - (161) 8,242 Buildings 220 1,080 (84) (285) 931 8,623 1,080 (84) (446) 9,173 <---------------- At 31.3.2026 ----------------> Accumulated Carrying Cost depreciation amount RM’000 RM’000 RM’000 Leasehold land 9,447 (1,205) 8,242 Buildings 1,554 (623) 931 11,001 (1,828) 9,173
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