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KUMPULAN FIMA BERHAD
(11817-V) |
Annual Report
2016
14. INVESTMENT PROPERTIES
Group
Company
2016
2015
2016
2015
RM’000
RM’000
RM’000
RM’000
Cost
At 1 April 2015/2014
96,572
94,435
3,408
3,408
Transfer from property, plant and equipment
-
2,137
-
-
At 31 March
96,572
96,572
3,408
3,408
Accumulated Depreciation
At 1 April 2015/2014
24,715
22,630
207
173
Charge for the year
1,760
1,602
34
34
Transfer from property, plant and equipment
-
483
-
-
At 31 March
26,475
24,715
241
207
Net Carrying Amount
70,097
71,857
3,167
3,201
Fair Value
77,277
77,602
3,830
3,980
(a) The land title of a freehold land and building of the Group with a net book value of approximately
RM50,922,000 (2015: RM52,067,000) is pledged as securities for certain unutilised credit facilities of
the Group.
(b) Factory buildings of a subsidiary, Percetakan Keselamatan Nasional Sdn. Bhd. with a net book value
of RM6,497,835 (2015: RM6,583,000) are situated on a piece of leasehold land which will expire on 29
September 2086.
(c) The fair value of the investment properties during the year was determined based on comparison
approach. The fair value of the properties as at 31 March 2016 and 31 March 2015 are based on
valuation carried out by professional independent valuers, Messrs Hatta & Associates Sdn. Bhd..
(d) Rental income generated from and direct operating expenses incurred on income generated from
investment properties are as follows:
Group
Company
2016
2015
2016
2015
RM’000
RM’000
RM’000
RM’000
Rental income
4,308
5,048
682
606
Direct operating expenses
4,179
4,414
1,843
1,930