KUMPULAN FIMA BERHAD
13. PROPERTY, PLANT AND EQUIPMENT (CONT’D)
(a) Buildings, plant and machinery, storage tanks and pipelines of the subsidiaries carrying out bulking
activities with a net book value of approximately RM24,631,000 (2015: RM27,629,000) are situated
on land which are leased from Lembaga Pelabuhan Kelang (“LPK”) by the subsidiaries. The lease will
expire in 2022.
(b) A building of a subsidiary, Fima Palmbulk Services Sdn. Bhd., with a net book value of RM1 (2015:
RM1) was constructed on land leased from Penang Port Commission. The lease expired on 30 June
2002, the Company had obtained an approval in principle from the lessor to enter into a new lease for
a term of 21 years commencing 1 July 2002 at rates which have yet to be determined.
(c) Included in theproperty, plant andequipment of theGroupandof theCompany are cost of fullydepreciated
assets which are still in use amounting to approximately RM195,555,000 (2015: RM163,845,000) and
RM2,339,000 (2015: RM2,194,000) respectively.
(d) The factory extension of the Group with a net book value of RM179,000 (2015: RM235,000) was
constructed on a piece of land leased from the lessor. The lease will expire on 30 April 2020.
(e) If the total amounts of the freehold land, leasehold land and buildings had been determined in accordance
with the historical cost convention, they would have been included at:
Net Carrying Amount
(f) The net book values of property, plant and equipment of the Group pledged to financial institutions for
bank borrowings as disclosed in Note 28 are as follows: