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NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2018
Kumpulan Fima Berhad (11817-V) •
Annual Report 2018
14. Investment properties
Group
Company
2018
2017
2018
2017
RM’000
RM’000
RM’000
RM’000
Cost
At 1 April 2017/2016 and 31 March
96,572
96,572
3,408
3,408
Accumulated depreciation
At 1 April 2017/2016
28,108
26,475
275
241
Charge for the year
1,635
1,633
37
34
At 31 March
29,743
28,108
312
275
Net carrying amount
66,829
68,464
3,096
3,133
Fair value
77,515
78,790
3,830
3,830
(a)
The land title of a freehold land and building of the Group with a net book value of approximately RM48,633,000
(2017: RM49,777,000) is pledged as security 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 RM5,458,771
(2017: RM5,717,685) 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 2018 and 31 March 2017 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
2018
2017
2018
2017
RM’000
RM’000
RM’000
RM’000
Rental income
5,224
5,278
686
681
Direct operating expenses
2,493
2,583
128
211