FGV Annual Report 2015

250 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 19 PROPERTY, PLANT AND EQUIPMENT (CONTINUED) Impairment of property, plant and equipment A reversal of impairment of RM133,392,000 was recorded during the financial year, which arose from the disposal of Twin Rivers Technologies Enterprises De Transformation De Graines Oleagineuses Du Quebec Inc. (“TRT ETGO”), an indirect wholly-owned subsidiary of the Company on 3 November 2015. The recoverable amount was determined based on the fair value less cost to sell of the assets, with reference to the offer price provided by TRT ETGO’s purchaser. 20 INVESTMENT PROPERTIES Group Freehold land Leasehold land Buildings Total RM’000 RM’000 RM’000 RM’000 2015 Cost At 1 January 2015 32,006 7,080 118,701 157,787 Additions - - 4,560 4,560 At 31 December 2015 32,006 7,080 123,261 162,347 Accumulated depreciation/impairment At 1 January 2015 - 2,019 11,224 13,243 Charge for the financial year - 19 11,751 11,770 At 31 December 2015 - 2,038 22,975 25,013 Net book value at 31 December 2015 32,006 5,042 100,286 137,334 2014 Cost At 1 January 2014 32,006 7,080 110,496 149,582 Additions - - 8,774 8,774 Write offs - - (503) (503) Transfer to property, plant and equipment (Note 19) - - (66) (66) At 31 December 2014 32,006 7,080 118,701 157,787 Accumulated depreciation/impairment At 1 January 2014 - 2,000 - 2,000 Charge for the financial year - 19 11,727 11,746 Write offs - - (503) (503) At 31 December 2014 - 2,019 11,224 13,243 Net book value at 31 December 2014 32,006 5,061 107,477 144,544 As at 31 December 2015, the carrying amount of investment properties without land titles is RMNil (2014: RM7,528,000).