TANJUNG OFFSHORE BERHAD

NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2009
27. PURCHASE OF PROPERTY, PLANT AND EQUIPMENT
101
TANJUNG OFFSHORE BERHAD (662315-U)
ANNUAL REPORT 2009
During the current fi nancial year, the Group made the following cash payments to purchase property, plant and equipment:
GROUP 2009 2008
RM RM
Construction and commissioning of new vessels 21,671,760 177,390,040
Purchase of other property, plant and equipment 173,716,868 13,721,380
Financed by hire purchase arrangement (379,903) (1,208,465)
Cash payments on purchase of property, plant and equipment 195,008,725 189,902,955
28. CASH FLOW STATEMENT – CASH AND CASH EQUIVALENTS
Cash and cash equivalents included in the cash fl ow statement comprises the following balance sheet amounts:
GROUP COMPANY
2009 2008 2009 2008
RM RM RM RM
Cash and cash equivalents (Note 13) 38,269,363 76,692,918 26,521,210 59,943,757
Bank overdraft (Note 16) (45,228,540) (35,993,062) - -
(6,959,177) 40,699,856 26,521,210 59,943,757
Fixed deposits pledged as security (Note 13) (2,433,953) (7,714,874) (2,433,953) (5,325,105)
29. HIRE PURCHASE AND FINANCE LEASE PAYABLES
(9,393,130) 32,984,982 24,087,257 54,618,652
GROUP 2009 2008
RM RM
Minimum payment:
- Not later than 1 year 2,475,585 1,097,399
- Later than 1 year and not later than 5 years 5,721,113 2,852,677
8,196,698 3,950,076
Future fi nance charges (1,283,129) (832,220)
Principal portion payables:
6,913,569 3,117,856
- Not later than 1 year (Note 16) 2,124,034 869,524
- Later than 1 year and not later than 5 years (Note 20) 4,789,535 2,248,332
6,913,569 3,117,856
Effective interest rate 2.78% - 9.79% 2.78% - 9.79%
30. CAPITAL COMMITMENTS
GROUP
As at 31 December 2009, the Group has the following capital commitments:
Approved and contracted for:
2009 2008
RM RM
Commissioning of three (3) units of Offshore Support Vessels (2008: seven (7) units) 19,080,000 192,889,600