164 / 232
Notes to the
Financial Statements
As at 31 March 2019
13. Property, plant and equipment (cont’d.)
Company (cont’d.)
At 31 March 2018
Freehold
land
Leasehold
land
Motor
vehicles
Furniture,
fittings and
equipment
Total
At cost
RM’000
RM’000
RM’000
RM’000
RM’000
At 1 April 2017
16,075
28,748
343
2,913
48,079
Additions
-
-
-
166
166
Disposals
-
-
-
(4)
(4)
At 31 March 2018
16,075
28,748
343
3,075
48,241
Accumulated depreciation
At 1 April 2017
157
3,044
343
2,619
6,163
Depreciation charge for the
year
-
456
-
141
597
Disposals
-
-
-
(4)
(4)
At 31 March 2018
157
3,500
343
2,756
6,756
Net carrying amount
At 31 March 2018
15,918
25,248
-
319
41,485
(a) Buildings, plant and machinery, storage tanks and pipelines of the subsidiaries carrying out bulking
activities with a net book value of approximately RM16,778,000 (2018: RM17,940,000) are situated on
land which is leased from Northport (Malaysia) Berhad by the subsidiaries. The lease will expire in 2022.
(b) A building of a subsidiary, Fima Palmbulk Services Sdn. Bhd., with a net book value of RM1 (2018: RM1) was
constructed on land leased from Penang Port Sdn. Bhd.. The subsidiary has a renewal option to renew the
lease for a term of five years beginning from 1 July 2018 to 30 June 2023. It is expected that the subsidiary
will continue to lease the land from Penang Port Sdn. Bhd..
(c) Included in the property, plant and equipment of the Group and of the Company are cost of fully depreciated
assets which are still in use amounting to approximately RM247,510,000 (2018: RM212,478,000) and
RM2,496,000 (2018: RM2,694,000) respectively.
Kumpulan Fima Berhad
(11817-V)
Annual Report 2019
160