Page 122 - S P Setia Annual Report 2013
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120 | Financial Statements S P SETIA BERHAD GROUP Annual Report 2013





NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






3. inVeStment PROPeRtieS

Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000


cost
At beginning of the year 620,033 267,338 2,349 2,549
Additions 178,218 176,325 - -
Disposals (6,824) (1,126) - (200)
Transfer to property, plant and equipment (see note 2) (5,468) - - -
Transfer from property development cost (see note 15) 1,827 178,762 - -
Transfer from/(to) land held for development (see note 4) 243,455 (1,266) - -
Exchange differences 8,078 - - -
At 31 October 1,039,319 620,033 2,349 2,349
accumulated depreciation
At beginning of the year 7,710 4,052 137 154
Charge for the year 8,732 3,773 10 13
Disposals (182) (115) - (30)
At 31 October 16,260 7,710 147 137

accumulated impairment losses
At beginning of the year 10,013 645 443 443
Charge for the year - 9,373 - -
Disposals - (5) - -

At 31 October 10,013 10,013 443 443
Net carrying amount
At 31 October 1,013,046 602,310 1,759 1,769
Comprising:

Investment properties under construction 193,429 118,726 - -
Freehold land 335,729 68,126 928 928
Freehold buildings 426,969 391,980 - -
Leasehold land 56,919 23,478 831 841
1,013,046 602,310 1,759 1,769

Fair value at 31 October 1,399,661 1,109,972 2,896 2,720

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