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ANNUAL REPORT 2016
WAH SEONG CORPORATION BERHAD
112
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016
6 BIOLOGICAL ASSETS
Group
Note
2016
RM’000
2015
RM’000
At 1 January
-
18,745
Additions
-
1,083
Disposal of subsidiaries
40(b)(i)
-
(20,977)
Effect of exchange rate changes
-
1,149
At 31 December
-
-
In the preceding financial year, there was a change in control, whereby a wholly-owned subsidiary, Atama Resources
Inc (“ARI”), became an associate. Subsequently, the carrying amount of the biological assets pertaining to ARI was
included as part of investment in associates. Refer to Note 40(b)(i).
7 INVESTMENT PROPERTIES
Group
Company
Note
2016
RM’000
2015
RM’000
2016
RM’000
2015
RM’000
Cost
At 1 January
16,301
14,097
20,400
20,400
Additions
51
2,204
-
-
Transfer to property, plant and
equipment
4
(700)
-
-
-
Disposal
(1,125)
-
-
-
At 31 December
14,527
16,301
20,400
20,400
Accumulated depreciation and
impairment loss
At 1 January
3,382
3,000
713
488
Depreciation charge for the financial
year
372
382
225
225
Impairment charge for the financial
year
16
-
-
-
Transfer to property, plant and
equipment
4
(13)
-
-
-
Disposal
(427)
-
-
-
At 31 December
3,330
3,382
938
713
Carrying amount
11,197
12,919
19,462
19,687
Fair value
49,322
44,578
40,113
28,974