2012 Annual Report - Media Prima Berhad

F
G
PROPERTY, PLANT AND EQUIPMENT (CONTINUED)
Leasehold land is amortised over the remaining period of the respective leases ranging from 40 and 96 years.
Residual values and useful lives of assets are reviewed, and adjusted if appropriate, at each financial position date.
At each financial position date, the Group assesses whether there is any indication of impairment. If such indications
exist, an analysis is performed to assess whether the carrying amount of the asset is fully recoverable. A write down
is made if the carrying amount exceeds the recoverable amount. See accounting policy Note I on impairment of
non-financial assets.
Gains and losses on disposals are determined by comparing proceeds with carrying amounts and are included in
the profit or loss.
INVESTMENT PROPERTIES
Investment properties comprise principally land and buildings held for long term rental yields or for capital
appreciation or both, and are not occupied by the Group.
Investment properties are stated at cost less accumulated depreciation and accumulated impairment losses.
Investment property is depreciated on the straight line basis to allocate the cost to their residual values over their
estimated useful lives.
Subsequent expenditure is capitalised to the asset’s carrying amount only when it is probable that future economic
benefits associated with the expenditure will flow to the Group and the cost of the item can be measured reliably.
All other repairs and maintenance costs are expensed when incurred. When part of an investment property is
replaced, the carrying amount of the replaced part is derecognised.
Freehold land is not depreciated as it has an infinite life.
RADIO OUTDOOR
NETWORKS
Depreciation on the other investment properties is calculated so as to write off the cost of the assets to their residual
values on a straight line basis over the expected useful lives of 20 to 99 years.
On disposal of an investment property, or when it is permanently withdrawn from use and no future economic
benefits are expected from its disposal, it shall be derecognised. The difference between the net disposal proceeds
and the carrying amount is recognised in the profit or loss in the financial year of the retirement or disposal.
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annual
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2012
From Our Perspective Who We Are Our Strategy & Achievements Our Performance Our Responsibility Our Leadership Corporate Governance The Financials Additional Information