ACCOUNTABILITY 234 YINSON HOLDINGS BERHAD 26. OTHER ASSETS (CONTINUED) Included in the Group’s contract cost assets are amounts relating to modification works on an FPSO vessel chartered to First Exploration and Petroleum Development Company Limited (“FEP”), comprising RM251 million (2025: NIL) classified as current and NIL (2025: RM40 million) as non-current. Based on an agreement signed on 31 January 2025 with FEP, management has assessed the recoverability of the capitalised costs and considers it probable that the costs will be recovered, based on the commencement of the charter extension, the agreed scope of modifications, and the vessel’s operational readiness. As at 31 January 2026, the Group’s current contract cost assets also included RM66 million (2025: NIL), relating to costs that are directly attributable to EPCIC contracts, which generate or enhance resources that will be used in satisfying performance obligations in the future, and are expected to be recovered through future contract revenue. 27. CASH AND BANK BALANCES Group Company 2026 RM million 2025 RM million 2026 RM million 2025 RM million Cash on hand and at banks 4,145 2,337 20 11 Deposits with licensed banks 383 342 170 - Cash and bank balances 4,528 2,679 190 11 For the purpose of the statements of cash flows, cash and cash equivalents at the reporting dates comprised the following: Group Company 2026 RM million 2025 RM million 2026 RM million 2025 RM million Cash and bank balances 4,528 2,679 190 11 Less: Fixed deposits with maturity period over 3 months - (89) - - Add: Cash and cash equivalents classified as assets held for sale 20 - - - Cash and cash equivalents 4,548 2,590 190 11 Cash at banks earns interest at floating rates based on daily bank deposit rates. Deposits with licensed banks are made for varying periods of between one to ten months (2025: one to ten months), depending on the immediate cash requirements of the Group and earn interest at the respective deposit rates. Included in cash and bank balances are bank balances and deposits with licensed banks of the Group and the Company amounting to RM1,529 million and RM1 million respectively (2025: RM1,406 million and RM1 million respectively) that were restricted based on the respective requirements of the lenders. These restricted amounts can only be used for purposes specified in the respective loan agreements, such as: - Debt Service Reserve Accounts, where specified minimum amounts are required to be maintained to service loans; - Operation and maintenance restricted accounts, where the amounts can only be utilised for expenses related to the charter and operation and maintenance contracts relating to the specified FPSO; and - FPSO restricted accounts, if any, where the amounts can only be utilised for construction of a FPSO, as disclosed in Note 33.
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