Download (PDF) - ChartNexus

Masterskill Education Group Berhad / Annual Report 2012
80
NOTES TO THE FINANCIAL STATEMENTS (CONT’D)
3. pROpERTy, plANT AND EquIpmENT (Cont’d)
3.1 leased plant and machinery
Included in property, plant and equipment of the Group are motor vehicles acquired under finance lease arrangements with
a carrying amount of RM7,298,000 (31.12.2011: RM10,080,000; 1.1.2011: RM12,231,000).
3.2 Security
At 31 December 2012, properties and motor vehicles with a carrying amount of RM127,777,000 (31.12.2011: RM102,677,000;
1.1. 2011: RM68,251,000) and RM688,000 (31.12.2011: RM1,001,000; 1.1.2011: RM1,344,000) respectively are pledged to
secure bank loans (see Note 10).
3.3 land
Included in the carrying amounts of land are:
31.12.2012 31.12.2011 1.1.2011
Rm’000 Rm’000 Rm’000
Freehold land 56,186 56,186 56,186
Leasehold land with unexpired lease period of more than 50 years 33,425 23,930 24,207
Total 89,611 80,116 80,393
3.4 Others
At 31 December 2012, the gross amount of property, plant and equipment fully depreciated but still in use amounted to
RM11,236,000 (31.12.2011: RM7,541,000; 1.1.2011: RM6,446,000).
The land title for freehold land and buildings with carrying amount of RM33,400,000 (31.12.2011: RM34,460,000; 1.1.2011:
RM32,557,000) is pending issuance by the authorities.
The land titles for certain other freehold land and buildings with carrying amount of RM22,701,000 (31.12.2011: RM23,492,000;
1.1.2011: RM23,255,000) are pending issuance by the relevant authorities as a result of legal matters highlighted in Note 26.
4. INTANGIBlE ASSETS
31.12.2012
Group
31.12.2011 1.1.2011
Rm’000 Rm’000 Rm’000
Cost
Goodwill 42,286 42,286 42,237
The goodwill recognised is attributable mainly to skills and technical talent of the business work force and to the operating
division’s market position in the education sector.