YEO'S - Notes to the Financial Statements.

Management Team
- Job Application

2001 Annual Report

Statements of
Changes in Equity

Cash Flow Statements

Directors' Statement

Directors' Declaration

Group Property

Statements of
Shareholdings

2000

Notes to the Financial Statements

10. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

The Group 2001	Free- hold land and build -ings RM’000	Land, build-ings and improvements under long lease RM’000	Land, build-ings and improvements under short lease RM’000	Mach-inery and equip-ment RM’000	Furni-ture, fixtures and fittings, and office equip-ment RM’000	Vehicles RM’000	Const-ruction-in-prog-ress RM’000	Total RM’000
COST/ VALUATION
Balance at 1.1.2001
At valuation	4,238	13,936	3,825	-	-	-	-	21,999
At cost	31,080	36,602	20,379	127,947	20,660	21,416	3,891	261,975
	35,318	50,538	24,204	127,947	20,660	21,416	3,891	283,974
Acquisition of a subsidiary company	-	-	-	47,334	-	-	-	47,334
Additions	541	572	695	11,771	1,342	1,049	2,385	18,355
Disposals/write off	-	-	(241)	(5,984)	(576)	(6,550)	(149)	(13,500)
Reclassification	149	-	108	2,258	70	-	(2,585)	-
Translation differences	-	-	-	(2,799)	-	-	-	(2,799)
	-------	-------	-------	-------	-------	-------	-------	-------
Balance at 31.12.2001
At valuation	4,238	13,936	3,825	-	-	-	-	21,999
At cost	31,770	37,174	20,941	180,527	21,496	15,915	3,542	311,365
	36,008	51,110	24,766	180,527	21,496	15,915	3,542	333,364
	-------	-------	-------	-------	-------	-------	-------	-------
ACCUMULATED DEPRECIATION
Balance at 1.1.2001	10,493	20,345	9,665	92,839	15,784	18,290	-	167,416
Charge for the year	1,000	1,643	838	8,813	2,083	1,964	-	16,341
Disposals/write off	-	-	(219)	(4,211)	(518)	(6,258)	-	(11,206)
Reclassification	-	-	(22)	-	22	-	-	-
	-------	-------	-------	-------	-------	-------	-------	-------
Balance at 31.12.2001	11,493	21,988	10,262	97,441	17,371	13,996	-	172,551
	-------	-------	-------	-------	-------	-------	-------	-------
NET BOOK VALUE AT 31.12.2001	24,515	29,122	14,504	83,086	4,125	1,919	3,542	160,813
	-------	-------	-------	-------	-------	-------	-------	-------

The Group 2000	Free- hold land and build -ings RM’000	Land, build-ings and improvements under long lease RM’000	Land, build-ings and improvements under short lease RM’000	Mach-inery and equip-ment RM’000	Furni-ture, fixtures and fittings, and office equip-ment RM’000	Vehicles RM’000	Const-ruction-in-prog-ress RM’000	Total RM’000
COST/ VALUATION
Balance at 1.1.2000
At valuation	4,238	13,936	3,825	-	-	-	-	21,999
At cost	30,895	36,269	19,978	130,426	19,343	22,817	451	260,179
	35,133	50,205	23,803	130,426	19,343	22,817	451	282,178
Additions	185	333	210	1,014	1,449	323	4,379	7,893
Disposals/write off	-	-	(3)	(4,194)	(176)	(1,724)	-	(6,097)
Reclassification	-	-	194	701	44	-	(939)	-
	-------	-------	-------	-------	-------	-------	-------	-------
Balance at 31.12.2000
At valuation	4,238	13,936	3,825	-	-	-	-	21,999
At cost	31,080	36,602	20,379	127,947	20,660	21,416	3,891	261,975
	35,318	50,538	24,204	127,947	20,660	21,416	3,891	283,974
	-------	-------	-------	-------	-------	-------	-------	-------
ACCUMULATED DEPRECIATION
Balance at 1.1.2000	9,511	18,722	8,753	88,068	13,266	17,846	-	156,166
Charge for the year	982	1,623	914	8,691	2,664	2,102	-	16,976
Disposals/write off	-	-	(2)	(3, 920)	(146)	(1,658)	-	(5,726)
	-------	-------	-------	-------	-------	-------	-------	-------
Balance at 31.12.2000	10,493	20,345	9,665	92,839	15,784	18,290	-	167,416
	-------	-------	-------	-------	-------	-------	-------	-------
NET BOOK VALUE AT 31.12.2000	24,825	30,193	14,539	35,108	4,876	3,126	3,891	116,558
	-------	-------	-------	-------	-------	-------	-------	-------

The Company
2001

Freehold land and buildings RM’000

Land, buildings and improvements under long lease RM’000

Machinery and equipment RM’000

Furniture, fixtures and fittings, and office equipment RM’000

Vehicles RM’000

Construction-in-progress RM’000

Total RM’000

COST/ VALUATION

Balance at 1.1.2001

At valuation

2,223

11,327

-

-

-

-

13,550

At cost

23,900

36,042

96,948

11,294

3,032

1,062

172,278

26,123

47,369

96,948

11,294

3,032

1,062

185,828

Additions

541

571

10,993

687

114

1,927

14,833

Disposals/write off

-

-

(5, 682)

(272)

(868)

(148)

(6,970)

Reclassification

149

-

735

11

-

(895)

-

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-----------

-----------

-----------

----------

-----------

----------

Balance at 31.12.2001

At valuation

2,223

11,327

-

-

-

-

13,550

At cost

24,590

36,613

102,994

11,720

2,278

1,946

180,141

26,813

47,940

102,994

11,720

2,278

1,946

193,691

-----------

-----------

-----------

-----------

----------

-----------

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ACCUMULATED DEPRECIATION

Balance at 1.1.2001

10,394

18,479

65,675

9,112

2,419

-

106,079

Charge for the year

993

1,556

6,254

844

253

-

9,900

Disposals/write off

-

-

(3,749)

(257)

(831)

-

(4,837)

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-----------

-----------

-----------

----------

-----------

----------

Balance at 31.12.2001

11,387

20,035

68,180

9,699

1,841

-

111,142

-----------

-----------

-----------

-----------

----------

-----------

----------

NET BOOK VALUE
AT 31.12.2001

15,426

27,905

34,814

2,021

437

1,946

82,549

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-----------

-----------

-----------

----------

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The Company 2000	Freehold land and buildings RM’000	Land, buildings and improvements under long lease RM’000	Machinery and equipment RM’000	Furniture, fixtures and fittings, and office equipment RM’000	Vehicles RM’000	Construction-in-progress RM’000	Total RM’000
COST/ VALUATION
Balance at 1.1.2000
At valuation	2,223	11,327	-	-	-	-	13,550
At cost	23,831	35,708	97,404	10,558	2,717	192	170,410
	26,054	47,035	97,404	10,558	2,717	192	183,960
Additions	69	334	1,080	816	320	1,571	4,190
Disposals/write off	-	-	(2, 237)	(80)	(5)	-	(2,322)
Reclassification	-	-	701	-	-	(701)	-
	-----------	-----------	-----------	-----------	----------	-----------	----------
Balance at 31.12.2000
At valuation	2,223	11,327	-	-	-	-	13,550
At cost	23,900	36,042	96,948	11,294	3,032	1,062	172,278
	26,123	47,369	96,948	11,294	3,032	1,062	185,828
	-----------	-----------	-----------	-----------	----------	-----------	----------
ACCUMULATED DEPRECIATION
Balance at 1.1.2000	9,419	16,943	60,215	8,040	2,197	-	96,814
Charge for the year	975	1,536	6,850	1,132	227	-	10,720
Disposals/write off	-	-	(1,390)	(60)	(5)	-	(1,455)
	-----------	-----------	-----------	-----------	----------	-----------	----------
Balance at 31.12.2000	10,394	18,479	65,675	9,112	2,419	-	106,079
	-----------	-----------	-----------	-----------	----------	-----------	----------
NET BOOK VALUE AT 31.12.2000	15,729	28,890	31,273	2,182	613	1,062	79,749
	-----------	-----------	-----------	-----------	----------	-----------	----------

As of 31st December, 2001, included in property, plant and equipment of the Group are landed properties with net carrying values totalling about RM9,890,000 (RM1,670,000 in 2000) which are currently not in active use.

The land and buildings were revalued in the respective years based on the valuation reports of independent firms of professional valuers. The valuations of these properties were based on fair market values as follows:

	The Group		The Company
	2001 RM'000	2000 RM'000	2001 RM'000	2000 RM'000
Freehold land and buildings:
At 1980 Valuation	3,873	3,873	2,223	2,223
At 1974 and 1977 Valuation	365	365	-	-
Land, buildings and improvements under long lease:
At 1980 Valuation	11,327	11,327	11,327	11,327
At 1977 Valuation	2,609	2,609	-	-
Land, buildings and improvements under short lease:
At 1981 Valuation	1,760	1,760	-	-
At 1980 Valuation	2,065	2,065	-	-
	----------	----------	----------	--------
	21,999	21,999	13,550	13,550
	----------	---------	---------	---------

The historical costs and carrying values of the revalued freehold land and buildings are as follows:

	The Group		The Company
	2001 RM'000	2000 RM'000	2001 RM'000	2000 RM'000
Cost:
Freehold land and buildings:
At 1980 Valuation	857	857	837	837
At 1974 and 1977 Valuation	365	365	-	-
Land, buildings and improvements under long lease:
At 1980 Valuation	7,482	7,482	7,482	7,482
At 1977 Valuation	1,387	1,387	-	-
Land, buildings and improvements under short lease:
At 1981 Valuation	481	481	-	-
At 1980 Valuation	1,160	1,160	-	-
	----------	----------	----------	--------
	11,732	11,732	8,319	8,319
	----------	---------	---------	---------

	The Group		The Company
	2001 RM'000	2000 RM'000	2001 RM'000	2000 RM'000
Accumulated Depreciation:
Freehold land and buildings:
At 1980 Valuation	104	99	104	99
Land, buildings and improvements under long lease:
At 1980 Valuation	5,633	5,437	5,633	5,437
At 1977 Valuation	1,090	1,078	-	-
Land, buildings and improvements under short lease:
At 1981 Valuation	305	300	-	-
At 1980 Valuation	910	856	-	-
	----------	----------	----------	--------
	8,042	7,770	5,737	5,536
	----------	---------	---------	---------
Net Book Values	3,690	3,962	2,582	2,783
	----------	---------	---------	---------

The net book values of property, plant and equipment under finance lease and hire-purchase arrangements are as follows:

	The Group		The Company
	2001 RM'000	2000 RM'000	2001 RM'000	2000 RM'000
Machinery and equipment	5,621	6,330	5,621	6,330
Vehicles	746	503	237	396
	----------	---------	---------	---------
	6,367	6,833	5,858	6,726
	----------	---------	---------	---------

YEO HIAP SENG (MALAYSIA) BERHAD. 2004 (co.NO.3405-X)