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annual report | 2012 Gunung Capital Berhad (330171-P) 66 NOTES TO THE FINANCIAL STATEMENTS (cont’d) 31 DECEMBER 2012 4 PROPERTY PLANT AND EQUIPMENT (cont’d) Carrying Amount At valuation: Buildings 2,441,469 2,504,591 Long leasehold land 1,250,926 1,279,267 3,692,395 3,783,858 At cost: Buildings 2,301,241 2,368,778 Long leasehold land 2,771,429 2,790,734 Plant and machinery 146,581 160,203 Motor vehicles 71,169,882 83,812,541 Furniture, fittings and equipment 539,770 669,903 2012 RM 2011 RM 76,928,903 89,802,159 Total 80,621,298 93,586,017 Company As at 01.01.2012 RM Additions RM Disposals RM As at 01.01.2012 RM Cost Furniture, fittings and equipment 26,129 - - 26,129 As at 01.01.2012 RM Charge for the year RM Disposals RM As at 01.01.2012 RM Accumulated Depreciation Furniture, fittings and equipment 24,702 1,427 - 26,129 Carrying Amount Furniture, fittings and equipment - 1,427 The revalued long leasehold land and buildings of the Group are stated at valuation based on their existing use basis valued by independent professional valuers on fair market value basis. Had the Group’s long leasehold land and buildings which are carried at valuation been stated at cost, their carrying amounts as at the end of the reporting period would have been RM3,023,500 (2011: RM3,100,563) Included in property, plant and equipment are motor vehicles with carrying amount of RM62,497,791 (2011: RM72,352,851) held under finance lease and hire purchase arrangements. 2012 RM 2011 RM
NOTES TO THE FINANCIAL STATEMENTS (cont’d) 31 DECEMBER 2012 5 INVESTMENT PROPERTIES Group As at 01.01.2012 RM Additions RM Disposals RM As at 01.01.2012 RM Cost / Valuation At valuation: Freehold land and building 350,000 - (350,000) - As at 01.01.2012 RM Charge for the year RM Disposals RM As at 01.01.2012 RM Accumulated Depreciation At valuation: Freehold land and building 88,960 2,317 (91,277) - Carrying Amount At valuation: Freehold land and building - 261,040 In the previous financial years, the above revalued freehold land and building of the Group was stated at valuation based on its existing use basis valued by independent professional valuers on a fair market value basis. During the financial year, the investment property was disposed to a third party for a consideration of RM270,000. 2012 RM 2011 RM Gunung Capital Berhad (330171-P) 67 annual report | 2012
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Page 110 and 111: Notes:- 1. A member of the Company,
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