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Notes to the Financial Statements (cont’d)<br />
For the financial year ended 31 December 2011<br />
15. Property, plant and equipment<br />
Group<br />
2011<br />
Cost or Valuation<br />
Freehold<br />
land<br />
RM’000<br />
Buildings<br />
RM’000<br />
Plant,<br />
equipment,<br />
vehicles<br />
and<br />
furniture<br />
RM’000<br />
Mine<br />
restoration<br />
RM’000<br />
Capital<br />
work-in-<br />
progress<br />
RM’000<br />
Total<br />
RM’000<br />
At 1 January 2011<br />
- At cost – – 262,243 2,350 12,392 276,985<br />
- At valuation 17,757 20,808 – – – 38,565<br />
17,757 20,808 262,243 2,350 12,392 315,550<br />
Additions – 495 4,036 – 7,640 12,171<br />
Disposals/Written off (200) – (530) – (2,548) (3,278)<br />
Transfer in/(out) – 276 13,258 – (13,534) –<br />
Exchange differences – 93 5,431 – 155 5,679<br />
At 31 December 2011 17,557 21,672 284,438 2,350 4,105 330,122<br />
Representing:<br />
- At cost – – 284,438 2,350 4,105 290,893<br />
- At valuation 17,557 21,672 – – – 39,229<br />
At 31 December 2011 17,557 21,672 284,438 2,350 4,105 330,122<br />
Accumulated depreciation<br />
and impairment losses<br />
At 1 January 2011 – – 217,831 1,266 1,930 221,027<br />
Depreciation charge for<br />
the year – 1,555 11,937 126 – 13,618<br />
Disposals/Written off – – (520) – (1,401) (1,921)<br />
Exchange differences – 38 4,932 – 50 5,020<br />
At 31 December 2011 – 1,593 234,180 1,392 579 237,744<br />
Net carrying amount<br />
- At cost – – 50,258 958 3,526 54,742<br />
- At valuation 17,557 20,079 – – – 37,636<br />
At 31 December 2011 17,557 20,079 50,258 958 3,526 92,378<br />
MALAYSIA SMELTING CORPORATION (43072-A) • ANNUAL REPORT 2011 113
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