CAPITAL COMMITMENTS Capital commitments contracted but not provided for in the financial statements are as follows: On 1 April 2010, the Company entered into a sale and purchase agreement (“SPA”) to purchase a piece of land for a consideration of RM49 mill...
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Tagged As: capital commitments, note on capital commitments, Sample Disclosure in Financial Statements
Property construction-in-progress Property construction-in-progress is stated at cost and not depreciated. The property would be transferred to property, plant and equipment or investment property (depending on the intended purpose and use of the property) upo...
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Tagged As: Accounting policy, capital commitments, property construction in progress, sample disclosure of accounting policy
Capital work-in-progress Capital work-in-progress is stated at cost and not depreciated. Depreciation on capital work-in-progress commences when the assets are ready for their intended use. Note: This is usually disclosed as an asset category of property, plan...
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Tagged As: Accounting policy, capital commitments, capital work in progress, sample disclosure of accounting policy
Capital Commitments 2009 2008 RM RM Approved and contracted: Purchase of property, plant and equipment 20,000 15,000 Approved but not contracted: Purchase of property, plant and equipment 10,000 12,000 30,000 27,000
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Tagged As: capital commitments, note on capital commitments, Sample Disclosure in Financial Statements