Annual Report - Bina Puri

Notes to and Forming Part of the Financial Statements (Cont’d)3. PROPERTY, PLANT AND EQUIPMENT (Cont’d)The title deeds to certain land and buildings of the Group and the Company with net carrying amount of RM12,033,000and RM2,675,000 (2006: RM11,665,000 and RM2,519,000) respectively, have yet to be issued by the relevantauthorities.Included in property, plant and equipment of the Group is freehold land with a net carrying amount of RM935,000(2006: RM935,000) held in trust by a director of the Company.The property, plant and equipment of the Group charged to licensed financial institutions for banking facilities grantedto the Group are as follows:2007 2006At net carrying amounts RM’000 RM’000Freehold land and buildings 340 349Short term leasehold buildings 28 39Plant, machinery, moulds and factory equipment 3,207 1,361Tractors and motor vehicles 606 521Renovation, electrical installations and furniture and fittings 468 840Office equipment 439 1105,088 3,220The property, plant and equipment acquired under hire purchase are as follows:GroupCompany2007 2006 2007 2006At net carrying amount RM’000 RM’000 RM’000 RM’000Plant, machinery, moulds and factory equipment 1,615 319 – –Tractors and motor vehicles 7,344 6,208 395 303Office equipment – 524 – –8,959 7,051 395 3034. PREPAID LEASE PAYMENTSGroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000At 1 January 3,921 3,921 775 775Additions – – – –Disposal – – – –At 31 December 3,921 3,921 775 775BINA PURI HOLDINGS BHDAnnual Report 200765