cont'd - KNM Steel Sdn Bhd

74KNM GROUP BERHAD I Annual Report 2012Notes to the Financial Statements (cont’d)3. Property, plant and equipment (Cont’d)3.5 Assets acquired under finance leaseThe carrying amounts of property, plant and equipment acquired under finance lease purchase agreementsare as follows:Group31.12.2012 31.12.2011 1.1.2011RM’000 RM’000 RM’000Freehold land 4,842 4,923 4,906Building 4,669 4,960 5,156Plant and machineries 30,320 23,972 14,022Furniture, fittings and equipment 153 – 157Motor vehicle 271 – 19Capital work-in-progress – – 22940,255 33,855 24,4894. Intangible assetsOtherintangibleNote Goodwill assets TotalGroup RM’000 RM’000 RM’000CostAt 1 January 2011 788,350 730,462 1,518,812Additions – 3,892 3,892Acquisitions through businesscombination 32 2,794 – 2,794Effect of movements in exchange rates (467) 2,459 1,992At 31 December 2011/1 January 2012 790,677 736,813 1,527,490Additions - 8,012 8,012Effect of movements in exchange rates (14,351) (12,034) (26,385)At 31 December 2012 776,326 732,791 1,509,117Amortisation and impairment lossAt 1 January 2011Accumulated amortisation – (109,604) (109,604)Amortisation for the year – (33,401) (33,401)Impairment loss (2,794) – (2,794)Effect of movements in exchange rates - 833 833At 31 December 2011/1 January 2012Accumulated amortisation – (142,172) (142,172)Accumulated impairment loss (2,794) – (2,794)(2,794) (142,172) (144,966)Amortisation for the year - (32,743) (32,743)Impairment loss (29,557) – (29,557)Effect of movements in exchange rates – 1,794 1,794At 31 December 2012Accumulated amortisation – (173,121) (173,121)Accumulated impairment loss (32,351) – (32,351)(32,351) (173,121) (205,472)