ANNUAL REPORT 2012 - Wawasan TKH Holdings Berhad

More documents

Recommendations

Info

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.
064 WAWASAN TKH HOLDINGS BERHAD (540218-A) ANNUAL REPORT 2012 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 (cont’d) 8. INTANGIBLE ASSETS Group Goodwill Trademarks Total RM ’000 RM ’000 RM ’000 Cost At 1 January 2011/ 31 December 2011 71,968 62 72,030 At 1 January 2012/ 31 December 2012 71,968 62 72,030 Accumulated amortisation and impairment loss At 1 January 2011/ 31 December 2011 60,968 - 60,968 At 1 January 2012/ 31 December 2012 60,968 - 60,968 Carrying amounts At 31 December 2011 11,000 62 11,062 At 31 December 2012 11,000 62 11,062 Impairment testing for cash generating units containing goodwill For the purpose of impairment testing, goodwill is allocated to the Group’s operating divisions, which represent the lowest level within the Group at which the goodwill is monitored for internal management purposes. The carrying amount of goodwill allocated to each unit is as follows: Mining As at 31 December 2012, management assessed that the recoverable amount of goodwill of the mining unit, based on value in use calculation, exceeded its carrying amount and thus, no impairment is required.
Page 1 and 2:
WAWASAN TKH HOLDINGS BERHAD (540218
Page 3 and 4:
002 CORPORATE INFORMATION BOARD OF
Page 5 and 6:
004 CHAIRMAN’S STATEMENT (cont’
Page 7 and 8:
006 DIRECTORS' PROFILE ____________
Page 9 and 10:
008 DIRECTORS' PROFILE (cont’d) Y
Page 11 and 12:
010 STATEMENT ON CORPORATE GOVERNAN
Page 13 and 14: 012 STATEMENT ON CORPORATE GOVERNAN
Page 15 and 16: 014 STATEMENT ON CORPORATE GOVERNAN
Page 17 and 18: 016 STATEMENT ON RISK MANAGEMENT &
Page 19 and 20: 018 AUDIT COMMITTEE REPORT (cont’
Page 21 and 22: 020 WAWASAN TKH HOLDINGS BERHAD (54
Page 63: 062 WAWASAN TKH HOLDINGS BERHAD (54
Page 113: FOLD THIS FLAP FOR SEALING FOLD HER
show all

ANNUAL REPORT 2012 - Wawasan TKH Holdings Berhad

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?