Eng - IOI Group

Notes To The Financial Statements cont’d17. INVESTMENT PROPERTIESGroupTransferAt from Foreign Atbeginning of property, currency end offinancial plant and Fair value translation financialyear equipment adjustments Additions differences year2007 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000Freehold land and buildings 348,624 30,083 94,392 901 - 474,000Leasehold land and buildings 164,352 - 66,258 - (5,141) 225,469512,976 30,083 160,650 901 (5,141) 699,469TransferAt Foreign Transfer to from Atbeginning of currency property, land held end offinancial translation plant and for property financialyear Additions Disposals differences equipment development year2006 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000Freehold land and buildings 345,888 2,647 (261) - - 350 348,624Leasehold land and buildings 162,288 - - 4,063 (1,999) - 164,352508,176 2,647 (261) 4,063 (1,999) 350 512,976During the financial year, the investment properties are restated to fair value with a corresponding fair value gain of RM160,650,000recognised to income statement in accordance with the Group’s accounting policies as disclosed in Note 3.3.7.Investment properties comprise:Name of building/location Description Tenure of land Net lettable areaIOI Mall 3 storey shopping mall Freehold 58,992 sq. mBandar Puchong JayaPuchongSelangor Darul EhsanIOI Business Park 37 units of commercial lot Freehold 5,336 sq. mBandar Puchong JayaPuchongSelangor Darul Ehsan177ANNUAL REPORT 2007IOI Corporation Berhad