Pg 147 - Berjaya Corporation Berhad

notes to thefinancial statements30 April 20063 PROPERTY, PLANT AND EQUIPMENT (CONT’D)Included in the reclassification/adjustments column are:(i)(ii)certain over accrual of cost of plant and equipment amounting to RM2,395,000 (2005: RMNil);the transfer of a portion of renovation to a related company amounting to RM617,000 (2005: RMNil); and(iii) the reversal of capital work-in-progress amounting to RM3,830,000 due to abortion of project where refund of deposit has beenreceived.Properties and aircraft of the Group with net book value of RM689,173,000 (2005: RM598,035,000) have been pledged to financialinstitutions for credit facilities granted to the Company and certain subsidiary companies.Based on the indicative market values and estimates of fair value determined by the Directors on hotel properties, impairment is notrequired for hotel properties.Assets with net book value of RM33,588,000 (2005: RM53,258,000) of the Group were acquired under finance lease and hire purchasearrangements. Details of which are as follows:Group2006 2005RM’000 RM’000Plant and machinery in hotel properties 6,805 20,020Plant and equipment 11,181 17,594Computer equipment 246 375Furniture, fittings and equipment 85 253Motor vehicles 3,164 2,766Aircraft 11,670 11,693Others 437 55733,588 53,258COMPANYNet bookNet bookvaluevalueat 1.5.05 Additions Depreciation at 30.4.06RM’000 RM’000 RM’000 RM’000Furniture and fittings 133 151 (70) 214Office equipment 512 275 (212) 575Renovation 151 1,214 (139) 1,226Motor vehicles 341 684 (243) 7821,137 2,324 (664) 2,79760Annual Report 2006Berjaya Land Berhad (201765-A)