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Sample Disclosure – Note On Property Development Costs (13 February 2009)

PROPERTY DEVELOPMENT COSTS

2008

RM

2007

RM

Land – at cost

x,xxx,xxx

x,xxx,xxx

Add : Incidental costs

xxx,xxx

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

Cumulative land cost recognised as an expense in income

Statement

(x,xxx,xxx)

(x,xxx,xxx)

x,xxx,xxx

x,xxx,xxx

Add : Development costs

Balance at beginning of year

x,xxx,xxx

x,xxx,xxx

Additions during the financial year

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

Less: Cumulative development [...]