ANNUAL REPORT 2015 |
133
NOTES TO THE FINANCIAL STATEMENTS
30 June 2015 (cont’d)
8. INVESTMENT PROPERTIES (cont’d)
Balance
Balance
as at
Fair value
as at
1.7.2013 Additions adjustment
30.6.2014
Group
RM’000
RM’000
RM’000
RM’000
At fair value
Freehold land, shoplots and clubhouse
8,515
22,608
87
31,210
Long term leasehold land and shoplots
6,168
-
-
6,168
14,683
22,608
87
37,378
At cost
Properties under construction
32,449
28,966
-
61,415
47,132
51,574
87
98,793
(a) As at the end of reporting period, carrying amount of RM24,965,000 (2014: RM85,963,000) included in investment
properties have been pledged as securities for banking facilities granted to the Group as disclosed in Note 21 to the
financial statements.
(b) Rental income of the Group derived from the investment properties amounted to RM1,106,000 (2014: RM750,000).
(c) During the financial year, the Group made the following cash payments to purchase investment properties:
Group
2015
2014
RM’000
RM’000
Purchase of investment properties
5,305
51,574
Financed by term loans
(4,222)
(44,027)
Cash payments on purchase of investment properties
1,083
7,547
(d) Direct operating expenses arising from investment properties generating rental income during the financial year are as
follows:
Group
2015
2014
RM’000
RM’000
Repairs and maintenance
13
10
Quit rent and assessment
42
59
