Eng - IOI Group

12 PROPERTY, PLANT AND EQUIPMENT cont’dIn RM’000GroupCompanyNet Book Value 2003 2002 2003 2002Freehold plantations 411,132 402,057 296,968 295,059Long term leasehold plantations 1,559,794 1,148,052 52,498 52,603Freehold land 227,599 46,133 2,115 2,115Long term leasehold land 6,845 7,853 - -Short term leasehold land 23,688 23,436 - -Golf course 43,886 43,894 - -Buildings and improvements 622,138 298,772 17,671 17,934Plant and machinery 699,254 414,274 10,450 11,669Motor vehicles 16,911 11,584 1,290 1,374Furniture, fittings and equipment 49,464 35,365 3,612 3,903Construction in progress 157,265 233,990 935 1,3353,817,976 2,665,410 385,539 385,992Included in long term leasehold plantations and construction in progress is an amount of interest expensecapitalised during the financial year amounted to RM2,240,000 (2002 - RM7,900,000) for the Group.Freehold and leasehold landed properties of the Group and of the Company at net book value of RM86,531,000(2002 - RM579,947,000) and RM64,591,000 (2002 - RM196,447,000) respectively have been charged to banks forcredit facilities granted to the Group and the Company.13 SUBSIDIARIESIn RM’000Company2003 2002At costShares quoted in Malaysia 936,038 1,005,941Unquoted shares in Malaysia 846,570 846,570Unquoted shares outside Malaysia 279,553 -2,062,161 1,852,511Less: impairment losses (5,724) (5,724)2,056,437 1,846,787At market valueShares quoted in Malaysia 1,898,171 1,834,768Details of the subsidiaries are set out in Note 44.161IOI Corporation BerhadAnnual Report 2003