FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 282 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 35 ASSETS HELD FOR SALE AND LIABILITIES RELATED TO ASSETS HELD FOR SALE Group 2013 2012 RM’000 RM’000 Assets held for sale in Kilang Gula Felda Perlis Sendirian Berhad (“KGFP”) 36 1,941 Assets held for sale in Pontian United Plantations Berhad (“PUP”) 102,269 - Assets held for sale in Felda Holdings Bhd. (“FHB”) 57,615 - Total assets held for sale 159,920 1,941 Liabilities related to assets held for sale in FHB (95,339) - 64,581 1,941 Assets held for sale in Kilang Gula Felda Perlis In the prior year, the Directors approved the disposal of certain of the sugar cane planting and milling machines, equipments and harvester spare parts as they are no longer suitable for use in rubber and oil palm plantations. The disposal was completed in 2013. In current financial year, certain equipments were classified as held for sale. The details are as follows: Buildings, structures and Plant and Motor Other renovations machinery vehicle equipment Total RM’000 RM’000 RM’000 RM’000 RM’000 2013 As at 1 January 4 1,130 - - 1,134 Transfer from PPE - 21 9 4 34 Disposal (4) (1,128) - - (1,132) As at 31 December - 23 9 4 36 Inventories As at 1 January 807 Write off (807) As at 31 December - 2012 Property, plant and equipment (Note 19) Cost 1,519 18,988 - - 20,507 Accumulated depreciation (1,515) (17,858) - - (19,373) Net book value 4 1,130 - - 1,134 Inventories 807 Total assets held for sale 1,941