MAA Assurance's Annual Report 2005 - Zurich

Notes To The Financial Statements - 31 December 2005 (continued)
4 INVESTMENTS (continued)
(a) GENERAL AND SHAREHOLDERS’ FUNDS (continued)
The fair values of the investment properties at 31 December 2005 were estimated by the Directors to be
approximately RM117,140,449 (2004: RM116,068,944).
The maturity structure of Malaysian Government Securities/Treasury bills/Bank Negara Malaysia papers, Cagamas
papers, corporate debt securities, fixed and call deposits above is as follows:
2005 2004
RM’000 RM’000
Investments maturing within 12 months 155,889 98,989
Investments maturing after 12 months 116,258 120,560
272,147 219,549
The titles to certain investment properties of the general and shareholders’ fund amounting to RM30,700,428
(2004: RM30,700,428) are in the process of being transferred to the Company. Risks, rewards and effective titles
to the investment properties have been passed to the Company upon unconditional completion of the
acquisition of those properties. The Company has submitted the relevant documents to the authorities for
transfer of legal titles to the Company and is awaiting the process and formalising of this transfer to be
completed.
(b) LIFE FUND
2005 2004
Carrying Market Carrying Market
value value value value
RM'000 RM'000 RM'000 RM'000
Investment properties, at cost
Freehold land and buildings 699,914 720,698
Leasehold land and buildings 193,599 154,857
45
893,513 875,555
Malaysian Government Securities/
Treasury bills/Bank Negara
Malaysia papers, at cost 319,354 311,969 292,034 289,725
Amortisation of premiums - net (10,053) (8,034)
309,301 284,000
Cagamas papers, at cost 149,644 206,155
Accretion of discounts/
(amortisation of premiums) - net 301 (1,081)
149,945 205,074
Quoted in Malaysia:
Equity securities of corporations,at cost 698,857 582,346 688,149 657,753
Allowance for diminution in value (117,049) (33,242)
581,808 654,907