Events 2005 - ChartNexus

130
Notes to the Financial Statements 31 December 2005
6. PROPERTY, PLANT AND EQUIPMENT (Continued)
Certain long leasehold land and buildings of the Group and of the Company were revalued by the Directors of the Company in
1983 based on valuations carried out in 1981 by independent professional valuers on the existing use basis. The Group and the
Company are adopting the transitional provisions of International Accounting Standard 16 (Revised) Property, Plant and Equipment,
issued by the Malaysian Accounting Standards Board, which allows the Group and the Company to retain the carrying amount on
the basis of the previous revaluation. The carrying amount of the revalued long leasehold land and building had the assets been
carried at cost is as follows:
Group and Company
2005 2004
RM’000 RM’000
Cost 669 669
Accumulated depreciation (214) (204)
Net book value 455 465
7. INTANGIBLE ASSETS
Group
Goodwill
on Radio
2005 consolidation Licence Total
RM’000 RM’000 RM’000
Cost
At 1 January
Arising from acquisition of
27,119 – 27,119
subsidiary company (Note 29) – 7,483 7,483
At 31 December 27,119 7,483 34,602
Accumulated amortisation
At 1 January – – –
Charge for the financial year – 231 231
At 31 December – 231 231
Net book value
31 December 27,119 7,252 34,371