QL Resources Berhad (428915-X)
92
4. Investment properties (Cont’d)
The following are recognised in profit or loss in respect of investment properties:
2016 2015
RM’000 RM’000
Rental income 2,532 1,134
Direct operating expenses:
- income generating investment properties (872) (578)
- non-income generating investment properties (82) (57)
Fair value information
Fair value of investment properties are categorised as follows:
Level 3
2016 2015
RM’000 RM’000
Group
Land 54,895 50,689
Building 24,811 17,391
79,706 68,080
Level 3 fair value
Level 3 fair value is estimated using unobservable inputs for the investment property.
Level 3 fair values of land is estimated by Directors by made reference to the asking price of comparable properties in
close proximity and adjusted for differences in key attributes such as property size and bargain discount. The significant
unobservable inputs include adjustments to price per square feet at comparable properties and the discount factors.
5. Prepaid lease payments
Short-
term
leasehold
land*
RM’000
Group
Cost
At 1 April 2014 65,811
Effect of movements in exchange rates 46
At 31 March/1 April 2015 65,857
Additions 2,426
Effect of movements in exchange rates 78
At 31 March 2016 68,361
Notes to the Financial Statements
(Cont’d.)
