Utusan Melayu (Malaysia) Bhd - Announcements

Notes T O T HE A CCOUNTS for the year ended 31 December 1999
14. FIXED ASSETS (CONT’D.)
ASSETS ACQUIRED UNDER FINANCE LEASE AND HIRE-PURCHASE AGREEMENTS
The value of fixed assets of the Group and the Company includes the following assets acquired under finance lease and
hire-purchase agreements:-
Accumulated Net book
Cost depreciation value
RM RM RM
The Group
1999
Plant and machinery and motor vehicles 10,573,051 2,887,800 7,685,251
Office equipment, furniture and fittings 3,650,012 3,108,413 541,599
1998
Plant and machinery and motor vehicles 10,590,469 2,272,265 8,318,204
Office equipment, furniture and fittings 4,706,356 2,979,538 1,726,818
The Company
1999
Plant and machinery and motor vehicles 1,599,854 733,966 865,888
Office equipment, furniture and fittings 1,417,718 1,077,573 340,145
1998
Plant and machinery and motor vehicles 1,210,841 470,548 740,293
Office equipment, furniture and fittings 1,004,782 797,324 207,458
(a) The long term leasehold land has unexpired period of more than 50 years.
(b) The land and buildings and plant and machinery stated at valuation were revalued on 22 July 1986 by the Directors
based on professional valuation carried out by an independent firm of valuers on the fair market value basis for land and
buildings and on replacement cost basis for plant and machinery.
(c) Included in capital work-in-progress of the Group and the Company is interest costs capitalised during the year of
RM1,369,223 (1998: RM2,345,819).
(d) Certain fixed assets of the Group and the Company have been pledged for the term loans and revolving underwriting
facility obtained.
56 Utusan Melayu (Malaysia) Berhad