continued - The Lion Group

14. PROPERTY, PLANT AND EQUIPMENT (continued)
71
Buildings
Freehold and land
land improvements Total
RM’000 RM’000 RM’000
Group
2009
Cost/Valuation
At 1 July 2008 311,191 548,353 859,544
Additions – 5,616 5,616
At 30 June 2009 311,191 553,969 865,160
Representing items at:
Cost 11,191 553,969 565,160
Valuation 300,000 – 300,000
311,191 553,969 865,160
Accumulated Depreciation
At 1 July 2008 – 103,436 103,436
Depreciation charge for the financial year – 16,757 16,757
At 30 June 2009 – 120,193 120,193
Representing items at:
Cost – 120,193 120,193
Accumulated Impairment Losses
At 1 July 2008/30 June 2009 9,673 – 9,673
Representing items at:
Cost 9,673 – 9,673
Net Book Value
At cost 1,518 433,776 435,294
At valuation 300,000 – 300,000
At 30 June 2009 301,518 433,776 735,294
The revalued freehold land and plant and machinery if stated at cost less depreciation would amount to RM35.0
million (2009: RM35.0 million) and RM1.00 billion (2009: RM1.05 billion) respectively as at the end of the
financial year.
Property, plant and equipment with carrying values totalling RM2.80 billion (2009: RM2.92 billion) has been
charged to financial institutions as securities for credit facilities as disclosed in Note 30.
Strata titles for certain buildings of the Group with carrying value of RM2.6 million (2009: RM2.7 million) have
not been issued by the relevant authority.