Ramba Energy responds to SGX queries on FY18 results.
INDONESIA-FOCUSED oil & gas exploration and production company Ramba Energy on Wednesday responded to queries from the Singapore Exchange on its unaudited financial results for FY18.
It also said that the decrease in other payables was mainly due to lower cash calls advanced from a joint venture partner and that the increase in finance lease liabilities was due to acquiring of transport equipment for Indonesia's logistics segment. As the evaluation and exploration assets were denominated in USD, the increase was mainly due to exchange-rate movement, said the company.
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