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NOTES TO THE FINANCIAL STATEMENTS (cont’d)<br />
31 DECEMBER 2012<br />
5 INVESTMENT PROPERTIES<br />
Group<br />
As at<br />
01.01.2012<br />
RM<br />
Additions<br />
RM<br />
Disposals<br />
RM<br />
As at<br />
01.01.2012<br />
RM<br />
Cost / Valuation<br />
At valuation:<br />
Freehold land and building 350,000 - (350,000) -<br />
As at<br />
01.01.2012<br />
RM<br />
Charge<br />
for the year<br />
RM<br />
Disposals<br />
RM<br />
As at<br />
01.01.2012<br />
RM<br />
Accumulated Depreciation<br />
At valuation:<br />
Freehold land and building 88,960 2,317 (91,277) -<br />
Carrying Amount<br />
At valuation:<br />
Freehold land and building - 261,040<br />
In the previous financial years, the above revalued freehold land and building of the Group was stated at valuation<br />
based on its existing use basis valued by independent professional valuers on a fair market value basis.<br />
During the financial year, the investment property was disposed to a third party for a consideration of RM270,000.<br />
2012<br />
RM<br />
2011<br />
RM<br />
Gunung Capital Berhad (330171-P)<br />
67<br />
annual report | 2012