Fraser & Neave Holdings Bhd Annual Report 2019

A N N U A L R E P O R T 2 0 1 9 06 Financial Statements 167 NOTES TO THE FINANCIAL STATEMENTS 4. INVESTMENT PROPERTIES Group 2019 RM’000 2018 RM’000 At fair value – Buildings 48,775 49,318 At 1 October 2018/2017 49,318 49,315 Change in fair value recognised in profit or loss – Unrealised – 3 Written off (543) – At 30 September 48,775 49,318 Investment properties comprise a number of commercial properties that are leased to third parties. Each of the lease contains an initial non-cancellable period of two to three years and subsequent renewals are negotiated with the lessee. No contingent rents are charged. The following are recognised in profit or loss in respect of investment properties: Group 2019 RM’000 2018 RM’000 Rental income 402 742 Direct operating expenses – income generating investment properties (714) (720) – non-income generating investment properties (535) (493) FAIR VALUE INFORMATION Fair values of investment properties are categorised as follows: Group 2019 Level 3 RM’000 2018 Level 3 RM’000 Buildings 48,775 49,318