ANNUAL REPORT 2012 - Wawasan TKH Holdings Berhad

WAWASAN TKH HOLDINGS BERHAD (540218-A)
ANNUAL REPORT 2012
063
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2012 (cont’d)
7. PROPERTY, PLANT AND EQUIPMENT (cont’d)
(a) Acquisition of property, plant and equipment
During the financial year, the Group made the following cash payments to purchase property, plant and
equipment:
Purchase of property, plant and equipment
Acquired under hire purchase arrangements
Unsettled and remained as other payables
Cash payments on purchase of property, plant and
equipment
(b) Assets under hire purchase
Included in the carrying amount of property, plant and equipment are machineries and motor vehicles
of RM2,984,000 (2011: RM7,105,000) acquired under hire purchase agreements.
(c) Security
At 31 December 2012, property, plant and equipment with carrying amounts of RM61,739,000 (2011:
RM64,366,000) are charged to financial institutions for credit facilities granted to the Group (Note 16).
(d) Disposal of assets
During the current financial year, property, plant and equipment with carrying amounts of RM146,000
(2011: RM7,512,000) were disposed of for a total cash consideration of RM208,000 (2011: RM9,984,000)
resulting in total gain on disposals of RM62,000 (2011: RM2,472,000).
(e) Title to a leasehold land
The title of a piece of kaolin land, which was acquired at a cost of RM3,550,000 is still in the process of
being transferred to a subsidiary of the Group. The carrying amount of this land is RM Nil (2011: RM Nil).
(f) Impairment loss of assets
In the previous financial year, there was an impairment loss of RM2,000,000 recognised in profit or loss
due to the assets were damaged by fire.