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Notes to the
Financial Statements
As at 31 March 2019
14. Investment properties
Group
Company
2019
2018
2019
2018
RM’000
RM’000
RM’000
RM’000
Cost
At 1 April 2018/2017 and 31 March
96,572
96,572
3,408
3,408
Accumulated depreciation
At 1 April 2018/2017
29,743
28,108
312
275
Charge for the year
1,638
1,635
38
37
At 31 March
31,381
29,743
350
312
Net carrying amount
65,191
66,829
3,058
3,096
Fair value
80,130
77,515
3,830
3,830
(a) The land title of a freehold land and building of the Group with a net book value of approximately
RM47,489,000 (2018: RM48,633,000) 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 RM5,199,857 (2018: RM5,458,771) 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 2019 and 31 March 2018 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
2019
2018
2019
2018
RM’000
RM’000
RM’000
RM’000
Rental income
4,886
5,224
565
686
Direct operating expenses
3,970
2,493
122
128
financial
statements
161