Directors - Boustead Holdings Berhad
Directors - Boustead Holdings Berhad
Directors - Boustead Holdings Berhad
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13. BIOLOGICAL ASSETS (cont’d.)<br />
Group<br />
2006 2005<br />
RM’000 RM’000<br />
Accumulated depreciation and impairment<br />
At 1 January 2006, as previously stated –– ––<br />
Reclassified from property, plant and equipment 59,447 6,020<br />
At 1 January, as restated 59,447 6,020<br />
Charge for the year 889 4,754<br />
Disposals (5,430) ––<br />
Impairment 9,500 48,978<br />
Exchange fluctuation 592 (305)<br />
At 31 December 64,998 59,447<br />
Net book value at 31 December 185,292 252,969<br />
Accumulated impairment at 31 December 55,591 50,278<br />
The additions to biological assets during the year include interest capitalised of RM431,000 (2005: RM190,000).<br />
14. INVESTMENT PROPERTIES<br />
Group<br />
2006 2005<br />
RM’000 RM’000<br />
At 1 January<br />
As previously stated 692,681 605,022<br />
Fair value adjustment 79,790 ––<br />
Transfer to property, plant and equipment (272,431) ––<br />
Transfer from property, plant and equipment 12,359 ––<br />
As restated 512,399 605,022<br />
Additions from subsequent expenditure 42,499 87,659<br />
At 31 December 554,898 692,681<br />
The above freehold properties are stated at valuation based on independent professional valuations<br />
carried out on an open market basis.<br />
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