Pg 147 - Berjaya Corporation Berhad

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Berjaya Land Berhad (201765-A) 56 Annual Report 2005 Notes To The Financial Statements 30 April 2005 2 SIGNIFICANT ACCOUNTING POLICIES (CONT’D) (s) Segmental Information The Group adopts business segment analysis as its primary reporting format and geographical segment analysis as its secondary reporting format. Segment revenue and expenses are those directly attributable to the segments and include any joint revenue and expenses where a reasonable basis of allocation exists. Revenue and expenses do not include items arising on investing or financing activities. Revenue are attributed to geographical segments based on location where sale is transacted. Segment assets include all operating assets used by a segment and do not include items arising on investing or financing activities. Assets are allocated to a segment based on location of assets. Segment liabilities comprise operating liabilities and do not include liabilities arising on investing or financing activities such as bank borrowings. 3 PROPERTY, PLANT AND EQUIPMENT GROUP Net book Dilution of Reclassi- Foreign Net book value Impairment Write-off/ subsidiary fication/ currency value at 1.5.04 Additions losses Disposals company Adjustments Depreciation translation at 30.4.05 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Freehold land and buildings 186,908 4,798 - (3,741) - (1) (3,095) (102) 184,767 Freehold hotel properties 329,764 984 - (409) - (14,565) - 3 315,777 Long leasehold hotel properties 561,788 63 (10,000) - - (325,011) - (145) 226,695 Short leasehold hotel properties - 2,734 - - - 327,445 (14,138) - 316,041 Long leasehold land and buildings 296,861 1,171 - (105) - 239 (8,187) (1) 289,978 Short leasehold land and buildings 4,960 - - - (4,892) - (68) - - Plant and equipment 38,736 3,906 - (44) (4,883) 886 (9,008) 2 29,595 Computer equipment 4,640 1,008 - (42) (1,376) (1) (1,393) - 2,836 Renovation 7,549 2,739 - (18) (44) 471 (1,340) 132 9,489 Furniture and fittings 22,373 1,969 - (73) (804) 233 (4,184) 2 19,516 Office equipment 8,293 2,120 - (30) - (93) (1,596) (55) 8,639 Motor vehicles 5,513 3,381 - (24) (418) 2 (2,243) (115) 6,096 Aircraft 43,804 4,347 - - - - (3,920) - 44,231 Golf course development expenditure 50,413 - (1,000) - - - (625) - 48,788 Capital work-in-progress 46,356 17,429 (3,200) - - (2,112) - (235) 58,238 Others 8,880 648 - (23) (140) (2,605) (648) 1,078 7,190 1,616,838 47,297 (14,200) (4,509) (12,557) (15,112) (50,445) 564 1,567,876
Berjaya Land Berhad (201765-A) Annual Report 2005 57 3 PROPERTY, PLANT AND EQUIPMENT (CONT’D) GROUP (Cont’d) Accumulated Accumulated impairment Net book Cost depreciation losses value At 30 April 2005 RM’000 RM’000 RM’000 RM’000 Freehold land and buildings 211,294 23,366 3,161 184,767 Freehold hotel properties 315,777 - - 315,777 Long leasehold hotel properties 243,213 - 16,518 226,695 Short leasehold hotel properties 330,179 14,138 - 316,041 Long leasehold land and buildings 360,895 55,543 15,374 289,978 Plant and equipment 113,362 74,492 9,275 29,595 Computer equipment 13,378 10,542 - 2,836 Renovation 23,102 11,498 2,115 9,489 Furniture and fittings 106,640 87,124 - 19,516 Office equipment 19,856 11,217 - 8,639 Motor vehicles 30,582 24,486 - 6,096 Aircraft 64,428 20,197 - 44,231 Golf course development expenditure 67,806 8,037 10,981 48,788 Capital work-in-progress 61,438 - 3,200 58,238 Others 16,272 6,752 2,330 7,190 At 30 April 2004 1,978,222 347,392 62,954 1,567,876 Freehold land and buildings 212,307 20,623 4,776 186,908 Freehold hotel properties 329,764 - - 329,764 Long leasehold hotel properties 568,306 - 6,518 561,788 Long leasehold land and buildings 359,590 47,355 15,374 296,861 Short leasehold land and buildings 5,074 114 - 4,960 Plant and equipment 113,995 65,984 9,275 38,736 Computer equipment 17,468 12,828 - 4,640 Renovation 19,611 9,947 2,115 7,549 Furniture and fittings 106,734 84,361 - 22,373 Office equipment 20,120 11,827 - 8,293 Motor vehicles 30,556 25,043 - 5,513 Aircraft 60,095 16,291 - 43,804 Golf course development expenditure 67,806 7,412 9,981 50,413 Capital work-in-progress 46,356 - - 46,356 Others 18,824 7,614 2,330 8,880 1,976,606 309,399 50,369 1,616,838 During the financial year, certain subsidiary company received a Liquidated Ascertained Damages (“LAD”) settlement amounted to RM15,112,000 and this was accounted for as a discount on the cost of a freehold hotel properties and included under the reclassification/adjustments. Properties and aircraft of the Group with net book value of RM843,280,000 (2004 : RM853,717,000) have been pledged to financial institutions for credit facilities granted to the Company and certain subsidiary companies. Based on the indicative market values and estimates of fair value determined by the Directors on hotel properties, impairment is not required for hotel properties other than the impairment loss incurred on a certain long leasehold hotel property.
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