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Annual Report - Bina Puri

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Notes to and Forming Part of the Financial Statements (Cont’d)<br />

3. PROPERTY, PLANT AND EQUIPMENT (Cont’d)<br />

The title deeds to certain land and buildings of the Group and of the Company with net carrying amount of<br />

RM12,117,000 and RM2,644,000 (2007 : RM12,033,000 and RM2,675,000) respectively, have yet to be issued by<br />

the relevant authorities.<br />

Included in property, plant and equipment of the Group is freehold land with a net carrying amount of<br />

RM935,000 (2007 : RM935,000) held in trust by a director of the Company.<br />

The property, plant and equipment of the Group charged to licensed financial institutions for banking facilities<br />

granted to the Group are as follows:<br />

2008 2007<br />

At net carrying amounts RM'000 RM'000<br />

Freehold land and buildings 331 340<br />

Short term leasehold buildings 17 28<br />

Plant, machinery, moulds and factory equipment 2,713 3,207<br />

Tractors and motor vehicles 460 606<br />

Renovation, electrical installations and furniture and fittings 105 468<br />

Office equipment 486 439<br />

4,112 5,088<br />

The property, plant and equipment acquired under hire purchase are as follows:<br />

Group<br />

Company<br />

2008 2007 2008 2007<br />

At net carrying amount RM'000 RM'000 RM'000 RM'000<br />

Plant, machinery, moulds and factory equipment 2,393 1,615 – –<br />

Tractors and motor vehicles 6,132 7,344 278 395<br />

8,525 8,959 278 395<br />

4. PREPAID LEASE PAYMENTS<br />

Group<br />

Company<br />

2008 2007 2008 2007<br />

RM'000 RM'000 RM'000 RM'000<br />

At 1 January 3,921 3,921 775 775<br />

Additions – – – –<br />

Disposal – – – –<br />

At 31 December 3,921 3,921 775 775<br />

BINA PURI HOLDINGS BHD<br />

<strong>Annual</strong> <strong>Report</strong> 2008<br />

73

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