| (h) | Investment properties |
Investment properties are land and/or buildings which are owned to earn rental income and/or for capital appreciation.
Investment properties are stated at cost, less accumulated
depreciation and impairment losses (Note 2(l)). Depreciation is
calculated to write off the cost of items of investment properties,
less their estimated residual value, if any, using the straight-line method over their
estimated useful lives. Rental income from investment properties is
accounted for as described in
Note 2(x) (iii).