Tag: note on capital commitments

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 million. As at the date of this report, the Company has paid a deposit sum of RM4.9 million, representing 10% of the purchase consideration of the said land. Settlement of the balance sum is currently pending fulfilment of certain key SPA conditions by the vendor.

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