141 / 188
137
NOTES TO THE FINANCIAL STATEMENTS
F i m a C o r p o r at i o n B e r h a d ( 2 1 1 8 5 - P ) •
A n n u a l R e p o r t 2 0 1 8
12. PROPERTY, PLANT AND EQUIPMENT (CONT’D.)
* Land and Buildings of the Company
Freehold
land
Buildings
Total
RM’000
RM’000
RM’000
At 31 March 2018
At Cost
At 1 April 2017/31 March 2018
1,550
219
1,769
Accumulated Depreciation
At 1 April 2017
-
98
98
Charge for the year
-
14
14
At 31 March 2018
-
112
112
Net Carrying Amount
1,550
107
1,657
At 31 March 2017
At Cost
At 1 April 2016/31 March 2017
1,550
219
1,769
Accumulated Depreciation
At 1 April 2016
-
84
84
Charge for the year
-
14
14
At 31 March 2017
-
98
98
Net Carrying Amount
1,550
121
1,671
(a)
The factory extension of the Group with a net book value of RM92,000 (2017: RM128,000) was constructed on a piece
of land leased from the lessor. The lease will expire on 30 April 2020.
(b)
Included in the property, plant and equipment of the Group and the Company are cost of fully depreciated assets still in
use of RM101,639,000 (2017: RM101,020,000) and RM440,000 (2017: RM311,000) respectively.
(c)
Freehold land and buildings have been revalued on 31 March 2015 based on valuations performed by accredited
independent valuers. The valuations have been performed by the valuer and are based on proprietary databases of
prices of transactions for properties of similar nature, location and condition.