NOTES TO THE FINANCIAL STATEMENTS

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13 PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

	Free- hold land RM'000	Long lease- hold land RM'000	Short lease- land RM'000	Buil- dings RM'000	Lease- hold buil- dings and improve- ments RM'000	Machi- nery and equip- ment RM'000	Furn- iture, fixt- ures and fitt- ings, and office equip- ment RM'000	Vehi- cles RM'000	Construc- tion-in- prog- ress RM'000	Assets held for disp- osal RM'000	Total RM'000
Group
Net book value
At 1.1.2004	10,692	11,621	3,869	12,386	24,264	71,976	4,064	908	3,859	-	143,639
Additions	-	-	-	244	143	2,971	2,727	3	450	-	6,538
Disposals	-	-	-	-	-	(576)	(26)	(193)	-	-	(795)
Written off	-	-	-	-	-	(1,480)	(114)	(3)	(36)	-	(1,633)
Currency
translation
differences	-	-	-	-	-	1,509	-	-	-	-	1,509
Depreciation
charge	-	(179)	(138)	(1,094)	(2,150)	(8,861)	(1,705)	(252)	-	-	(14,379)
Reclassification	-	-	-	241	2	118	(27)	-	(1,819)	1,485	-
	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________
At 31.12.2004	10,692	11,442	3,731	11,777	22,259	65,657	4,919	463	2,454	1,485	134,879
	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________
At 31.12.2004
Cost	9,234	10,959	5,664	25,627	48,731	189,378	26,213	7,836	2,454	1,485	327,581
Valuation	1,478	3,862	-	745	7,465	-	-	-	-	-	13,550
Accumulated
depreciation	(20)	(3,379)	(1,933)	(14,595)	(33,937)	(123,721)	(21,294)	(7,373)	-	-	(206,252)
	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________
Net book value	10,692	11,442	3,731	11,777	22,259	65,657	4,919	463	2,454	1,485	134,879
	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________
At 31.12.2003
Cost	9,234	10,959	5,664	25,142	48,586	186,836	23,653	8,029	3,859	-	321,962
Valuation	1,478	3,862	-	745	7,465	-	-	-	-	(7,121)	13,550
Accumulated
depreciation	(20)	(3,200)	(1,795)	(13,501)	(31,787)	(114,860)	(19,589)	(7,121)	-	-	(191,873)
	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________
Net book value	10,692	11,621	3,869	12,386	24,264	71,976	4,064	908	3,859	-	143,639
	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________

Free- hold land RM'000

Long lease- hold land RM'000

Buil- dings RM'000

Lease- hold buil- dings and improve- ments RM'000

Machi- nery and equip- ment RM'000

Furn- iture, fixt- ures and fitt- ings, and office equip- ment RM'000

Vehi- cles RM'000

Construc- tion-in- prog- ress RM'000

Assets held for disp- osal RM'000

Total RM'000

Company
Net book value
At 1.1.2004	1,728	10,583	12,386	15,488	28,436	2,817	490	1,862	-	73,790
Additions	-	-	244	23	39,207	2,001	3	448	-	41,926
Disposals	-	-	-	-	(544)	-	-	(33)	-	(577)
Written off	-	-	-	-	(368)	(8)	-	-	-	(376)
Reclassification	-	-	243	-	119	(31)	-	(1,816)	1,485	-
Transfers	-	-	-	-	-	3	-	-	-	3
Depreciation charge	-	(155)	(1,094)	(1,454)	(4,929)	(1,139)	(125)	-	-	(8,896)
	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________
At 31.12.2004	1,728	10,428	11,779	14,057	61,921	3,643	368	461	1,485	105,870
	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________
At 31.12.2004
Cost	250	9,017	25,543	28,818	147,123	16,224	1,452	461	1,485	230,373
Valuation	1,478	3,862	745	7,465	-	-	-	-	-	13,550
Accumulated
depreciation	-	(2,451)	(14,509)	(22,226)	(85,202)	(12,581)	(1,084)	-	-	(138,053)
	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________
Net book value	1,728	10,428	11,779	14,057	61,921	3,643	368	461	1,485	105,870
	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________
At 31.12.2003
Cost	250	9,017	25,056	28,796	106,507	14,253	1,864	1,862	-	187,605
Valuation	1,478	3,862	745	7,465	-	-	-	-	-	13,550
Accumulated
depreciation	-	(2,296)	(13,415)	(20,773)	(78,071)	(11,436)	(1,374)	-	-	(127,365)
	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________
Net book value	1,728	10,583	12,386	15,488	28,436	2,817	490	1,862	-	73,790
	_________	_________	_________	_________	_________	_________	_________	_________	_________	_________

As at 31 December 2004, included in property, plant and equipment of the Group, are landed properties with net carrying values totalling about RM8,177,000 (2003: RM9,572,000) which are currently not in active use. Land and buildings were last revalued on 3 December 1980 by Wong Choon Kee, member of Institute of Surveyors, Malaysia, a director with C.H. Williams, Talhar & Wong Sdn Bhd.

Net book value of the revalued land and buildings, had these assets been carried at cost less accumulated depreciation are as follows:

Group and Company

	2004 RM'000	2004 RM'000
Net book value
Freehold land	472	472
Long leasehold land	1,805	1,836
Buildings	11	69
Leasehold buildings and improvements	153	366
	____________	____________
	2,441	2,743
	____________	____________

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

Group

Company

	2004 RM'000	2003 RM'000	2004 RM'000	2003 RM'000
Machinery and equipment	-	33	-	33
Vehicles	-	-	-	-
	____________	____________	____________	____________
	-	33	-	33
	____________	____________	____________	____________

Included in property, plant and equipment of the Group and of the Company are fully depreciated plant and machinery which are still in use, with cost amounting to approximately RM83,600,000 and RM65,906,000 (2003: RM95,354,000 and RM53,401,000) respectively.

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