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Annual Report 2020
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Notes to the Financial Statements
As at 31 March 2020
kumpulan Fima Berhad
(197201000167)(11817-V)
16. Investment properties
Group
Company
2020
RM’000
2019
RM’000
2020
RM’000
2019
RM’000
Cost
At 1 April 2019/2018 and 31 March
96,572
96,572
3,408
3,408
Accumulated depreciation
At 1 April 2019/2018
31,381
29,743
350
312
Charge for the year
1,637
1,638
39
38
At 31 March
33,018
31,381
389
350
Net carrying amount
63,554
65,191
3,019
3,058
Fair value
79,575
80,130
3,830
3,830
(a)
The land title of a freehold land and building of the Group with a net book value of approximately RM46,343,000
(2019: RM47,489,000) 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 RM4,940,944
(2019: RM5,199,857) are situated on a piece of leasehold land which will expire on 29 September 2086.
(c)
As at 31 March 2020 and 2019, the fair values of the investment properties are based on valuation performed
by independent professional valuer. Valuations are performed by accredited independent valuer with recent
experience in the location and category of properties being valued. The valuations are based on cost approach that
makes reference to the valuation of land by comparing it with evidence of values of comparable lands and adding
to it depreciated replacement cost of the buildings.
(d)
Rental income generated from and direct operating expenses incurred on income generated from investment
properties are as follows:
Group
Company
2020
RM’000
2019
RM’000
2020
RM’000
2019
RM’000
Rental income
5,160
4,886
529
565
Direct operating expenses
3,877
3,970
139
122