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Notes to the Financial Statements (cont’d)<br />
For the financial year ended 31 December 2011<br />
21. Other non-current assets<br />
126<br />
Group<br />
2011<br />
Building on Success: Developing Resources for the Future<br />
Deferred<br />
exploration<br />
and<br />
evaluation<br />
expenditure<br />
RM’000<br />
Deferred<br />
mine<br />
development<br />
expenditure<br />
RM’000<br />
Mining<br />
assets<br />
RM’000<br />
Total<br />
RM’000<br />
At 1 January 2011 17,612 66,919 – 84,531<br />
Additions 3,097 40,189 – 43,286<br />
Amortisation to profit or loss (Note 4) (558) (29,140) – (29,698)<br />
Exchange differences 391 662 – 1,053<br />
At 31 December 2011 20,542 78,630 – 99,172<br />
2010<br />
At 1 January 2010 28,698 48,481 77,164 154,343<br />
Additions 3,519 33,878 – 37,397<br />
Amortisation to profit or loss (Note 4)<br />
Attributable to disposal group classified as held for<br />
(839) (11,724) – (12,563)<br />
sale (Note 22) (9,373) – (13,135) (22,508)<br />
Written off to profit or loss (Note 10) (2,654) – – (2,654)<br />
Impairment loss (Note 11) – – (56,357) (56,357)<br />
Exchange differences (1,739) (3,716) (7,672) (13,127)<br />
At 31 December 2010 17,612 66,919 – 84,531<br />
(a) Deferred expenditure<br />
Mine exploration and evaluation and development expenditure represent expenditures incurred for several areas of<br />
interest. The costs are carried forward to the extent that they are expected to be recouped through the successful<br />
development of the areas or activities of the areas have not reached a stage that permits reasonable assessment of the<br />
existence of economically recoverable ore reserves and resources.<br />
(b) Mining assets<br />
Mining assets were the fair value of economically recoverable coal reserves based on 1,500,000 tonnes of estimated<br />
recoverable coal resources at US Dollar 15 per tonne arising from acquisition of Asiatic Coal Private Limited (“ACPL”) in<br />
2009. The carrying amount of the mining assets has been reclassified to assets of disposal group held for sale. ACPL was<br />
disposed on 2 November 2011. Please refer to Note 22 for details.<br />
Based on the assessment and review made by the management, there is no indication of impairment for other non-current<br />
assets.