Download PDF - ChartNexus

More documents

Recommendations

Info

Notes to the Financial Statements (cont’d) For the financial year ended 31 December 2011 15. Property, plant and equipment (cont’d) Group Freehold land and buildings owned by the Group were revalued in 2010 by the directors based on valuation carried out by firms of professional valuers as follows. Valuer Date of valuation Description of property Valuation amount Basis of valuation RM’000 (i) Ooi Hsien Yu, 2 Dec 2010 Office lots in 4,550 Open market value MRICS, MISM Kuala Lumpur Registered Valuer (ii) Tay Tam, FISM 2 Dec 2010 Vacant land in Juru 200 Open market value Registered Valuer 2 Dec 2010 80 units flats in Bukit 4,000 Open market value Mertajam 2 Dec 2010 Land and Tin Smelting 26,073 Depreciated industrial complex in replacement cost Butterworth 2 Dec 2010 Land and buildings 317 Depreciated in Daerah Hulu Perak replacement cost (iii) Ir Antonius Setiady, 1 Dec 2010 Buildings in Koba, 1,915 Depreciated SCV, MAPPI (Cert) Bangka Island replacement cost Public Valuer, Registered Valuer 1 Dec 2010 Buildings in Pangkal 321 Depreciated Pinang, Bangka Island replacement cost 1 Dec 2010 Buildings in Air 1,189 Depreciated Kantung, Bangka Island 38,565 replacement cost Had the revalued properties been carried at historical cost less accumulated depreciation and impairment losses, the net book value of each class of the properties that would have been included in the financial statements of the Group and of the Company as at 31 December 2011 would be as follows: Group Company 2011 2010 2011 2010 RM’000 RM’000 RM’000 RM’000 Freehold land 9,339 9,462 – 123 Buildings 10,745 10,464 6,288 6,490 MALAYSIA SMELTING CORPORATION (43072-A) • ANNUAL REPORT 2011 117
Notes to the Financial Statements (cont’d) For the financial year ended 31 December 2011 16. Prepaid land lease payments 118 2011 2010 Group RM’000 RM’000 Leasehold land At 1 January 1,174 1,312 Additions 141 – Exchange translation differences 13 (67) Amortisation for the year (Note 4) (74) (71) At 31 December 1,254 1,174 Analysed as: Long term leasehold land 281 143 Short term leasehold land 973 1,031 Building on Success: Developing Resources for the Future 1,254 1,174 Amount to be amortised: Not later than one year 56 76 Later than one year but not later than five years 225 216 Later than five years 973 882 1,254 1,174 The short term leasehold land has unexpired lease periods of between 1 and 23 years (2010: 1 and 24 years). The long term leasehold land has unexpired lease period of between 51 and 99 years (2010: 52 and 58 years). Application for renewal of a lease for 99 years which expired in year 2009 has been approved during the financial year.
Page 1 and 2:
ANNUAL REPORT 2011 Building on Succ
Page 3 and 4:
viSion To be a successful world-cla
Page 5 and 6:
Corporate Profile Malaysia Smelting
Page 7 and 8:
Corporate Profile (cont’d) For of
Page 9 and 10:
Notice of Annual General Meeting NO
Page 11 and 12:
Group Financial Highlights 10 Build
Page 13 and 14:
Board of Directors From left to rig
Page 15 and 16:
Directors’ Profile 14 Building on
Page 17 and 18:
Directors’ Profile (cont’d) 16
Page 19 and 20:
Statement by the Chairman 18 Buildi
Page 21 and 22:
Statement by the Chairman (cont’d
Page 23 and 24:
Group Chief Executive Officer/Execu
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Securing the Future (cont’d) 32 B
Page 35 and 36:
Securing the Future (cont’d) Ore
Page 37 and 38:
Tin Market Review 2011-2012 (cont
Page 39 and 40:
Tin Market Review 2011-2012 (cont
Page 41 and 42:
New Opportunities for Tin Use (cont
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Corporate Social Responsibility (co
Page 49 and 50:
Corporate Social Responsibility (co
Page 51 and 52:
Statement on Corporate Governance (
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Audit Committee (cont’d) 3. Quoru
Page 63 and 64:
Audit Committee Report Membership T
Page 65 and 66:
Audit Committee Report (cont’d) I
Page 67 and 68: Statement on Internal Control (cont
Page 69 and 70: Directors’ Report The directors h
Page 71 and 72: Directors’ Report (cont’d) Dire
Page 73 and 74: Statement by Directors Pursuant to
Page 75 and 76: Independent Auditors’ Report (con
Page 77 and 78: Statements of Comprehensive Income
Page 79 and 80: Statements of Financial Position (c
Page 81 and 82: Statements of Changes in Equity For
Page 83 and 84: Statements of Cash Flows For the fi
Page 85 and 86: Notes to the Financial Statements (
Page 117: Notes to the Financial Statements (
Page 169 and 170:
Notes to the Financial Statements (
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Supplementary information 44. Break
Page 177 and 178:
List of Properties of the Group 31
Page 179 and 180:
Tin Statistics (cont’d) 178 Produ
Page 181 and 182:
Shareholding Statistics as at 21 Ma
Page 183 and 184:
Shareholding Statistics (cont’d)
Page 185 and 186:
184 To: The Company Secretary MALAY
show all

Download PDF - ChartNexus

Create successful ePaper yourself

Delete template?

Save as template?