| ANNUAL REPORT 2015
132
NOTES TO THE FINANCIAL STATEMENTS
30 June 2015 (cont’d)
7. PROPERTY, PLANT AND EQUIPMENT (cont’d)
(c) As at the end of the reporting period, carrying amount of property, plant and equipment pledged as securities for banking
facilities granted to the Group and the Company as disclosed in Note 19(a) and Note 21 to the financial statements are as
follows:
Group
Company
2015
2014
2015
2014
RM’000
RM’000
RM’000
RM’000
Freehold land
2,950
2,950
2,530
2,530
Leasehold land
2,809
2,831
-
-
Buildings on freehold land
113,085
30,948
11,475
11,817
Buildings on long term leasehold land
6,026
8,268
-
-
Furniture, fixtures and fittings
795
993
-
-
Properties under construction
-
19,943
-
-
Others
121
239
-
-
125,786
66,172
14,005
14,347
(d) As disclosed in Note 34 to the financial statements, Paris RCG Sdn. Bhd. had ceased to be a subsidiary of the Company and
became a 30% owned associate of the Company at the end of the previous reporting period. As such, impairment losses
of RM3,939,000 on property plant equipment of the former subsidiary had been reversed in the previous financial year.
(e) Interest expense on term loan specifically related to buildings on freehold land capitalised within additions of the Group
during the financial year amounted to RM205,190 (2014: RM262,400).
(f) As at the end of the reporting period, the title deed for freehold land and buildings, leasehold land and buildings of
the subsidiaries with carrying amounts of RM6,424,600 (2014: RM1,568,000) are in the process of being transferred and
registered in the name of the subsidiaries.
8. INVESTMENT PROPERTIES
Transfer to
property,
Balance
plant and
Balance
as at
equipment
Fair value
as at
1.7.2014 Additions
(Note 7) adjustment
30.6.2015
Group
RM’000
RM’000
RM’000
RM’000
RM’000
At fair value
Freehold land, shoplots and clubhouse
31,210
-
-
416
31,626
Long term leasehold land and shoplots
6,168
-
-
250
6,418
37,378
-
-
666
38,044
At cost
Properties under construction
61,415
5,305
(66,720)
-
-
98,793
5,305
(66,720)
666
38,044
