notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
7 INVESTMENT PROPERTIES
Group
Company
Note
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
Cost
At 1 January
13,822
13,697
22,575
22,575
Additions
2,450
125
-
-
Transfer to property, plant and equipment
4
(2,175)
-
(2,175)
-
At 31 December
14,097
13,822
20,400
22,575
Less: Accumulated depreciation and
impairment loss
At 1 January
2,657
2,444
291
42
Depreciation charge for the financial year
365
384
219
249
Reversal of impairment loss
-
(171)
-
-
Transfer to property, plant and equipment
4
(22)
-
(22)
-
At 31 December
3,000
2,657
488
291
Carrying amount
11,097
11,165
19,912
22,284
Fair value
43,977
39,069
28,974
27,256
Fair value of investment properties is categorised as follows:
Group
Level 1
Level 2
Level 3
Total
RM’000
RM’000
RM’000
RM’000
2014
Land
-
-
6,724
6,724
Buildings
-
-
37,253
37,253
-
-
43,977
43,977
2013
Land
-
-
5,538
5,538
Buildings
-
-
33,531
33,531
-
-
39,069
39,069
94
Wah Seong Corporation Berhad • Annual Report 2014
