Hatching For The Future - teo seng capital berhad

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Teo Seng Capital Berhad Notes To The Financial Statements For The Financial Year Ended 31 March 2012 5. PROPERTY, PLANT AND EQUIPMENT (cont’d) (b) Had the Group’s revalued property, plant and equipment been carried under the cost model, the carrying amount would have been as follows : Group 2012 2011 RM RM Carrying Amount Freehold land 1,483,205 1,483,205 Factory buildings 4,331,652 4,406,098 5,814,857 5,889,303 (c) Certain property, plant and equipment of certain subsidiaries with carrying amount of RM 9,254,323 (2011 : RM 21,889,303) are charged against banking facilities (Note 15(a)). (d) The following property, plant and equipment are subject to hire purchase instalment plans (Note 16) : Group 2012 2011 RM RM Carrying Amount Plant and machinery 8,134,335 4,063,419 Egg layer conveyor and cages system 11,845,500 8,088,201 Motor vehicles 5,047,186 3,758,999 Capital work-in-progress 319,564 125,400 25,346,585 16,036,019 (e) Motor vehicles with carrying amount of RM 162,942 (2011 : RM 161,333) are held in trust and registered under third party’s name. (f) Purchase of property, plant and equipment are as follows : Group Company 2012 2011 2012 2011 RM RM RM RM Annual Report 2012 Aggregate cost of property, plant and equipment acquired 29,150,040 19,346,084 157,421 184,830 Finance via hire purchase (12,441,345) (4,032,315) - - Unpaid balance included under sundry payables (Note 18(d)) (1,729,064) (1,298,582) - - Cash paid in respect of acquisition in previous financial year 1,289,501 1,408,609 - 316,402 Cash paid during the financial year 16,269,132 15,423,796 157,421 501,232 66
Teo Seng Capital Berhad Notes To The Financial Statements For The Financial Year Ended 31 March 2012 6. INVESTMENT PROPERTY Group 2012 2011 RM RM At Cost At 1 April 480,000 - Transfer from property, plant and equipment (Note 5) - 480,000 At 31 March 480,000 480,000 Less : Accumulated Depreciation At 1 April 3,888 - Charge for the financial year 7,776 3,888 At 31 March 11,664 3,888 Carrying Amount 468,336 476,112 Included in the above is : Leasehold shophouse 468,336 476,112 7. INVESTMENT IN SUBSIDIARIES Company 2012 2011 RM RM Unquoted shares, at cost - in Malaysia 67,558,402 66,558,402 - outside Malaysia 240,005 240,005 67,798,407 66,798,407 The details of the subsidiaries are shown as below : Country of Percentage of Name of company incorporation Principal activities ownership 2012 2011 Teo Seng Farming Malaysia Investment holding and poultry 100% 100% Sdn. Bhd. farming. Teo Seng Feedmill Malaysia Manufacturing and marketing 100% 100% Sdn. Bhd. of animal feeds. Success Century Malaysia Poultry farming. 100% 100% Sdn. Bhd. Ritma Prestasi Sdn. Bhd. Malaysia Distribution of pet food, 100% 100% medicine and other animal health related products. Annual Report 2012 67
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Livestock Asia Expo and Forum held
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Teo Seng Capital Berhad Profile Of
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Chairman’s Statement Teo Seng Cap
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