Pg 147 - Berjaya Corporation Berhad

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notes to thefinancial statements30 April 20065 LAND HELD FOR DEVELOPMENTGroup2006 2005RM’000 RM’000At cost:At 1 May 2005/2004:- freehold land 220,292 190,965- long leasehold land 60,828 88,874- short leasehold land 1,064 1,228- development costs 116,911 110,628399,095 391,695Transfer (to)/from property development costs:- freehold land (3,513) 69- long leasehold land (101) (53)- development costs (5,717) (366)(9,331) (350)Additions:- freehold land 97 2,381- long leasehold land - 91- development costs 2,309 7,6932,406 10,165Disposals:- freehold land (111,729) (1,207)- short leasehold land - (164)- development costs (28,565) (1,044)(140,294) (2,415)Total cost at 30 April 2006/2005 251,876 399,095Amortisation of short leasehold land:At 1 May 2005/2004 (442) (453)Amortisation for the year (49) (52)Disposal - 63Total amortisation at 30 April 2006/2005 (491) (442)Accumulated impairment loss:At 1 May 2005/2004 (38,478) (32,478)Impairment loss for the year - (6,000)Disposal 25,293 -Total accumulated impairment loss at 30 April 2006/2005 (13,185) (38,478)Carrying value at 30 April 2006/2005 238,200 360,175Properties at carrying value of RM57,748,000 (2005: RM106,382,000) have been pledged to financial institutions for credit facilitiesgranted to the Company, certain subsidiary and related companies.62Annual Report 2006Berjaya Land Berhad (201765-A)
6 SUBSIDIARY COMPANIESGroup2006 2005RM’000 RM’000Unquoted shares, at cost/written down value 1,709,393 1,781,887Less: Accumulated impairment losses of unquoted shares (9,349) (9,349)The details of the subsidiary companies are set out in Note 40 to the financial statements.1,700,044 1,772,5387 ASSOCIATED COMPANIESGroupCompany2006 2005 2006 2005RM’000 RM’000 RM’000 RM’000Quoted shares in Malaysia, at cost 1,545,111 1,741,037 387,080 454,919Quoted shares outside Malaysia, at cost 88,165 78,432 - -Unquoted shares, at cost/ written down value 66,355 72,812 1,800 1,800Foreign currency translation (4,107) - - -1,695,524 1,892,281 388,880 456,719Share of post acquisition reserves 9,277 (24,505) - -Less: Accumulated loss on deemed disposal (134,144) (202,884) - -(124,867) (227,389) - -1,570,657 1,664,892 388,880 456,719Less: Accumulated impairment losses- quoted shares outside Malaysia (24,236) (18,783) - -- unquoted shares (26,315) (20,315) (1,800) (1,800)(50,551) (39,098) (1,800) (1,800)1,520,106 1,625,794 387,080 454,919Market value of quoted shares:- in Malaysia 3,017,110 2,131,841 1,207,661 814,692- outside Malaysia 26,270 39,714 - -The details of the associated companies are set out in Note 40 to the financial statements.Certain quoted shares of the Group and of the Company at cost of RM1,579,403,000 (2005: RM1,640,257,000) and RM383,838,000(2005: RM454,920,000) respectively have been pledged to financial institutions for credit facilities granted to the Company, subsidiary,penultimate holding and related companies.The Group’s interests in associated companies are analysed as below:Group2006 2005RM’000 RM’000Share of net tangible assets 443,023 558,074Share of intangible assets 313,778 307,517756,801 865,591Net premium on acquisition 763,305 760,2031,520,106 1,625,794Berjaya Land Berhad (201765-A) Annual Report 200663
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The corporate logo comprises the wo
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corporateinformationBOARD OF DIRECT
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profile ofdirectorsDATO’ ROBIN TA
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profile ofdirectorsKHOO WEI TONG @
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profile ofdirectorsDR. RAMACHANDRAN
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chairman’sstatementiv.On 23 Decem
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Page 50 and 51: notes to thefinancial statements30
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list ofpropertiesas at 30 April 200
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list ofpropertiesas at 30 April 200
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materialcontractsOther than as disc
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groupaddressesArena Green Apartment
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ecurrent related partytransactions
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statistics on shares andconvertible
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statistics on shares andconvertible
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notice ofannual general meetingNOTI
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statement accompanyingnotice of ann
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Fold this flap for sealingAffix Sta
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Pg 147 - Berjaya Corporation Berhad

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