TAN CHONG MOTOR HOLDINGS BERHAD
Annual Report 2014
73
NOTES TO THE FINANCIAL STATEMENTS
3.
Property, plant and equipment (continued)
Property, plant and equipment under revaluation model (continued)
Had the revalued properties been carried under the cost model, the net carrying amount of each class of property, plant
and equipment that would have been included in the financial statements of the Group would be as follows:
Freehold
land
Long term
leasehold
land Buildings
Total
RM’000
RM’000
RM’000
RM’000
Group
2014
Cost
146,208
140,741
368,214
655,163
Accumulated depreciation
-
(32,360)
(102,274)
(134,634)
Accumulated impairment
(2,798)
-
(1,672)
(4,470)
143,410
108,381
264,268
516,059
2013
Cost
225,623
122,306
345,947
693,876
Accumulated depreciation
-
(30,129)
(93,678)
(123,807)
Accumulated impairment
(2,798)
-
(1,672)
(4,470)
222,825
92,177
250,597
565,599
Fair value information
Level 1
Level 2
Level 3
Total
RM’000
RM’000
RM’000
RM’000
Group
2014
Freehold land
-
-
329,494
329,494
Long term leasehold land
-
-
448,667
448,667
Buildings
-
-
411,470
411,470
-
-
1,189,631 1,189,631
2013
Freehold land
-
-
442,008
442,008
Long term leasehold land
-
-
444,024
444,024
Buildings
-
-
414,966
414,966
-
-
1,300,998 1,300,998
