X hits on this document

PDF document

THONG GUAN INDUSTRIES BERHAD - page 45 / 72

197 views

0 shares

1 downloads

0 comments

45 / 72

2007

2006

2007

2006

RM

RM

RM

RM

5,149,000 5,783,630

5,149,000 5,783,630

5,149,000 3,295,513

5,149,000 3,403,608

290,000 23,513,105

290,000 23,029,792

290,000 18,985,416

290,000 19,642,179

34,735,735

34,252,422

27,719,929

28,484,787

At valuation

Freehold land Factory buildings

At cost

Freehold land Factory buildings

The freehold land and factory buildings are shown at Directors’valuation based on a valuation exercise carried out in 1995 by an independent firm of valuers based on an open market value basis.

Subsequent additions are shown at cost while disposals are at valuation or cost as appropriate.

THONG GUAN INDUSTRIES BERHAD

43

Land and buildings comprise :

Cost / Valuation

Carrying Amounts

3.

Property, plant and equipment (Cont’d)

It is the Group’s policy to state property, plant and equipment at cost. Revaluation of certain properties was carried out in 1995 in conjunction with the listing exercise of the Company then and was not intended to effect a change in accounting policy to one of revaluation of properties. Hence, in accordance with the transitional provisions of the Malaysian Accounting Standards Board’s approved accounting standards, International Accounting Standards 16 (Revised) : Property, Plant and Equipment which allows for the current treatment of revalued properties by the Group, the valuation in 1995 has not been updated. It is envisaged that the current market values of the revalued properties are no less than their net book values.

Document info
Document views197
Page views205
Page last viewedMon Dec 05 08:52:37 UTC 2016
Pages72
Paragraphs3918
Words26216

Comments