Page 135 - S P Setia Annual Report 2016

 

 

 

 

 

Page 135 - S P Setia Annual Report 2016
P. 135

S P Setia Berhad Group                                                                                133
          Annual Report 2016




                                                                               Notes To The Financial Statements

                                                                                  For The Financial Year Ended 31 December 2016

          3.    INVESTMENT PROPERTIES

                                                                        Group                      Company
                                                                      2016          2015          2016          2015
                                                                   RM’000         RM’000        RM’000        RM’000
               Cost
               At beginning of the year/period                     759,431        631,125        2,349          2,349
               Additions                                           325,136        129,143            -             -
               Disposals                                              (399)            -             -             -
               Reclass to property, plant and equipment (see Note 2)  (237)            -             -             -
               Reclass to land held for property development (see Note 4)  (20,432)  (837)           -             -
               Reclass to property development costs (see Note 12)   (7,799)           -             -             -
               At end of the year/period                          1,055,700       759,431        2,349          2,349

               Accumulated depreciation
               At beginning of the year/period                      23,040         16,170          168           157
               Charge for the year/period                            7,009         6,870            10            11
               Disposals                                              (115)            -             -             -
               At end of the year/period                            29,934        23,040           178           168

               Accumulated impairment losses
               At beginning of the year/period                      10,013         10,013          443           443
               Disposals                                              (198)            -             -             -
               At end of the year/period                             9,815         10,013          443           443
               Net carrying amount
               At end of the year/period                          1,015,951       726,378         1,728         1,738

               Comprising:

               Investment properties under construction            488,494        273,299            -             -
               Freehold land                                       112,225        100,813          928           928
               Freehold buildings                                  343,612       283,234             -             -
               Leasehold land                                       71,620        69,032           800           810
                                                                  1,015,951       726,378         1,728         1,738
               Fair value at 31 December                          1,053,006     1,006,594        3,243          3,196
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