239 F INANC IAL Statements Sect ion 05 Annual Report 2022 NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 34. SERVICE CONCESSION OBLIGATIONS (Contd.) The movement in the service concession obligations is as follows: Group 2022 RM’000 2021 RM’000 At beginning of the year 678,601 - Additions - 996,828 Adjustment related to project cost - net (2,127) - Repayment (341,403) (297,883) Interest (Note 9) 12,560 21,007 Waiver of lease rental offset against repayment made to PAAB (Note 24(b)) 24,345 24,345 Reclassification from trade receivables (Note 24) - (65,887) Reclassification from trade payables 805 191 At end of the year 372,781 678,601 35. CONSUMER DEPOSITS Consumer deposits are deposits placed by consumers for supply and distribution of treated water, and include deposits assumed from Syarikat Air Johor Sdn. Bhd. (“SAJSB”), the former water operator, pursuant to the Concession Agreement amounting to RM70,407,920 (2021: RM70,407,920) as disclosed in Note 24. These amounts would be repaid by SAJSB in the event that the consumer deposits fall below the value of the long term refundable deposits.
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