MAA Assurance's Annual Report 2005 - Zurich
MAA Assurance's Annual Report 2005 - Zurich
MAA Assurance's Annual Report 2005 - Zurich
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Notes To The Financial Statements - 31 December <strong>2005</strong> (continued)<br />
4 INVESTMENTS (continued)<br />
(b) LIFE FUND (continued)<br />
The fair values of the investment properties at 31 December <strong>2005</strong> were estimated by the Directors to be<br />
approximately RM957,176,236 (2004: RM950,357,275).<br />
The maturity structure of Malaysian Government Securities/Treasury bills/Bank Negara Malaysia papers, Cagamas<br />
papers, corporate debt securities, fixed and call deposits above is as follows:<br />
<strong>2005</strong> 2004<br />
RM'000<br />
RM'000<br />
Investments maturing within 12 months 1,029,987 845,523<br />
Investments maturing after 12 months 1,305,681 1,373,373<br />
2,335,668 2,218,896<br />
The titles to certain investment properties of the life fund amounting to RM313,389,880 (2004: RM313,389,880)<br />
are in the process of being transferred to the Company. Risks, rewards and effective titles to the investment<br />
properties have been passed to the Company upon unconditional completion of the acquisition of those<br />
properties. The Company has submitted the relevant documents to the authorities for transfer of legal titles to<br />
the Company and is awaiting the process and formalising of this transfer to be completed.<br />
47
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