FORGING AHEAD - Tradewinds Plantation Berhad
FORGING AHEAD - Tradewinds Plantation Berhad
FORGING AHEAD - Tradewinds Plantation Berhad
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17. NON-CURRENT ASSETS HELD FOR SALE<br />
Property, plant and equipment<br />
Group<br />
2010 2009<br />
RM’000 RM’000<br />
Transfer from property, plant and equipment (Note 7)<br />
- Cost - 5,500<br />
- Accumulated depreciation - (4,716)<br />
Carrying amount as at 31 December - 784<br />
On 7 December 2009, the Group had agreed to dispose certain plant and machinery with a carrying amount of RM784,000<br />
to a third party for a cash consideration of RM1,500,000. On 4 January 2010, the Group entered into a Sale and Purchase<br />
agreement with the third party for the disposal. The disposal was completed during the financial year and the gain arising<br />
from the disposal amounted to RM716,000.<br />
18. SHARE CAPITAL<br />
FINANCIAL STATEMENTS<br />
Group and Company<br />
2010 2009<br />
Number Number<br />
of shares of shares<br />
’000 RM’000 ’000 RM’000<br />
Ordinary shares of RM1.00 each:<br />
Authorised 1,000,000 1,000,000 1,000,000 1,000,000<br />
Issued and fully paid 529,153 529,153 529,153 529,153<br />
The holders of ordinary shares are entitled to receive dividend as and when declared by the Company and are entitled to<br />
one (1) vote per ordinary share at general meetings of the Company. All ordinary shares rank pari passu with regard to<br />
the Company’s residual assets.<br />
TRADEWINDS PLANTATION BERHAD<br />
Annual Report 2010<br />
173