ANNUAL REPORT 2014
67
NOTES TO THE
FINANCIAL STATEMENTS
3.
Property, plant and equipment (continued)
Furniture,
fittings
and office
equipment
Motor
vehicles
Total
Company
RM’000
RM’000
RM’000
Cost
At 1 January 2013
949
1,587
2,536
Disposals
-
(330)
(330)
At 31 December 2013/1 January 2014
949
1,257
2,206
Disposals
(5)
(364)
(369)
Transfer to a subsidiary
(944)
(893)
(1,837)
At 31 December 2014
-
-
-
Accumulated depreciation
At 1 January 2013
791
397
1,188
Charge for the year
103
167
270
Disposals
-
(94)
(94)
At 31 December 2013/1 January 2014
894
470
1,364
Charge for the year
41
84
125
Disposals
(5)
(183)
(188)
Transfer to a subsidiary
(930)
(371)
(1,301)
At 31 December 2014
-
-
-
Carrying amounts
At 1 January 2013
158
1,190
1,348
At 31 December 2013/1 January 2014
55
787
842
At 31 December 2014
-
-
-
During the year, the Group changed its accounting policy for properties from a cost less accumulated
depreciation and impairment model to a revaluation less accumulated depreciation and impairment model (Note
37).
The Group’s freehold land, leasehold land and buildings were revalued in November 2014 by independent
professional qualified valuers using an open market value method.
