FORGING AHEAD - Tradewinds Plantation Berhad

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FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2010
7. PROPERTY, PLANT AND EQUIPMENT (continued)
Net carrying amount
TRADEWINDS PLANTATION BERHAD
Annual Report 2010
Group Company
2010 2009 2010 2009
(Restated)
RM’000 RM’000 RM’000 RM’000
Freehold land 52,232 52,232 - -
Long term leasehold land 1,114,243 1,127,554 - -
Plantation development expenditure 1,100,746 1,011,636 - -
Buildings 131,304 128,606 - -
Plant and machinery 79,386 75,562 - -
Motor vehicles 16,674 16,112 1,373 1,638
Office equipment 4,437 4,613 1,534 1,203
Furniture and fittings 4,904 4,613 1,051 863
Access road 72,419 53,248 - -
Capital work-in-progress 28,209 23,288 - -
2,604,554 2,497,464 3,958 3,704
(a) During the financial year, the Group reassessed its long term leases of land in accordance with the Amendment to
FRS 117 Leases to be finance leases. The classification of prepaid lease payments for land as property, plant and
equipment has been accounted for retrospectively.
(b) The net carrying amounts of property, plant and equipment of the Group charged to financial institutions for credit
facilities granted to the Group and the Company (as disclosed in Notes 22, 23 and 25 to the financial statements) are
as follows:
Group
2010 2009
(Restated)
RM’000 RM’000
Freehold land 20,352 20,352
Long term leasehold land 638,493 646,482
Plantation development expenditure 817,820 758,046
Buildings 33,900 36,876
Plant and machinery 44,637 45,289
1,555,202 1,507,045