143 / 188
139
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
13. INVESTMENT PROPERTIES (CONT’D.)
(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 2018 and 31 March 2017 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
2018
2017
2018
2017
RM’000
RM’000
RM’000
RM’000
Rental income
5,323
5,132
3,905
3,836
Direct operating expenses
2,328
2,372
1,854
1,812
14. BIOLOGICAL ASSETS
Group
2018
2017
Oil Palm Planting
RM’000
RM’000
Cost
At 1 April 2017/2016
91,445
75,976
Additions
6,146
8,682
Acquisition of subsidiary
8,600
-
Write-off
-
(115)
Exchange differences
(9,495)
6,902
At 31 March
96,696
91,445
Accumulated Amortisation and Impairment Loss
At 1 April 2017/2016
58,415
26,365
Charge for the year:
- Amortisation
1,451
4,555
- Impairment loss
-
24,779
Write-off
-
(45)
Exchange difference
(7,682)
2,761
At 31 March
52,184
58,415
Analysed as:
Accumulated amortisation
30,770
33,636
Accumulated impairment loss
21,414
24,779
52,184
58,415
Net Carrying Amount
44,512
33,030