CAHYA MATA SARAWAK ANNUAL REPORT 2016

www.cmsb .com.my Cahya Mata Sarawak Berhad 140 Section 07 Financial StatementS NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2016 16. INVESTMENT PROPERTIES (CONT'D.) Long term leasehold land Buildings Total Company RM’000 RM’000 RM’000 Cost: At 1 January 2015 5,828 24,514 30,342 Additions - 338 338 At 31 December 2015 and 1 January 2016 5,828 24,852 30,680 Disposals (5,828) (24,852) (30,680) At 31 December 2016 - - - Accumulated depreciation: At 1 January 2015 514 2,906 3,420 Depreciation charge for the year (Note 8) 103 612 715 At 31 December 2015 and 1 January 2016 617 3,518 4,135 Disposals (617) (3,518) (4,135) At 31 December 2016 - - - Net carrying amount: At 31 December 2015 5,211 21,334 26,545 At 31 December 2016 - - - The Company’s investment property was disposed to a subsidiary during the year. The following are recognised in profit or loss in respect of investment properties: Group Company 2016 2015 2016 2016 RM’000 RM’000 RM’000 RM’000 Rental income (Note 4) (528) (528) - (600) Direct operating expenses: - income generating investment properties 144 1,331 - 1,130 - non-income generating investment properties 37 37 - - Fair value of investment properties 7,100 6,800 - 26,545