ANNUAL REPORT 2016
71
Techno
Dex
Berhad
(627634-A)
17. FOREIGN EXCHANGE TRANSLATION RESERVE
The foreign exchange translation reserve arose from the translation of the financial statements of foreign subsidiaries
and is not distributable by way of dividends.
18. HIRE PURCHASE PAYABLES
The Group
2016
2015
RM
RM
Minimum hire purchase payments:
- not later than one year
175,954
716,452
- later than one year and not later than five year
-
175,954
175,954
892,406
Less: Future finance charges
(2,199)
(27,169)
Present value of hire purchase payables
173,755
865,237
Current
Not later than one year
173,755
691,482
Non-Current
Later than one year and not later than five years
-
173,755
The hire purchase payables bore an effective interest rates of 5.00% (3.90% to 5.00% in 2015) per annum at the
end of the reporting year.
19. DEFERRED TAX LIABILITIES
The Group
2016
2015
RM
RM
At 1 May
75,624
-
Recognised in/(from) profit or loss (Note 25)
(14,592)
75,624
At 30 April
61,032
75,624
The deferred tax liabilities are attributable to the following:-
The Group
2016
2015
RM
RM
Taxable temporary difference between net carrying amount
and tax written down value of plant and equipment
61,032
75,624
20. TRADE PAYABLES
The normal trade credit terms granted to the Group are 30 to 60 days.
NOTES TO THE
FINANCIAL STATEMENTS
(continued)
