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FIMA CORPORATION BERHAD
(21185-P) |
Annual Report
2016
NOTES TO THE FINANCIAL
STATEMENTS 31 MARCH 2016
(contd.)
13. INVESTMENT PROPERTIES (CONTD.)
(b) The transfer of the land title of a building of the Company which is located at Pekan Nenas, Johor with
a net book value of approximately RM845,000 (2015: RM863,000) is yet to be finalised.
(c) The fair value of the investment properties during the year was determined based on comparison
approach. The fair value of the properties as at 31 March 2016 and 31 March 2015 are based on
valuation carried out by professional independent valuers, Messrs Hatta & Associates Sdn. Bhd.
(d) Rental income generated from and direct operating expenses incurred on income generated from
investment properties are as follows:
Group
Company
2016
2015
2016
2015
RM’000
RM’000
RM’000
RM’000
Rental income
5,460
5,263
4,066
3,868
Direct operating expenses
2,336
2,484
1,843
1,930
14. BIOLOGICAL ASSETS
Group
2016
2015
Oil Palm Planting
RM’000
RM’000
Cost
At 1 April 2015/2014
67,470
72,538
Additions
6,985
4,406
Disposal
(510)
(660)
Transfer to property, plant and equipment
-
(7,998)
Write-off
(41)
(54)
Exchange difference
2,072
(762)
At 31 March
75,976
67,470
Accumulated Amortisation
At 1 April 2015/2014
22,593
21,576
Amortisation for the year
3,235
3,526
Disposal
(156)
(171)
Transfer to property, plant and equipment
-
(2,062)
Write-off
(13)
(54)
Exchange difference
706
(222)
At 31 March
26,365
22,593
Net Carrying Amount
49,611
44,877