KUALA LUMPUR: The total assets of 1Malaysia Development Bhd (1MDB) of the company for the financial year ended 31 March 2014 amounted to RM51.4 billion, the Dewan Rakyat was told today.
It covers current assets valued at RM19.5 billion and RM31.9 billion in non-current assets, according to a written reply to Wong Chen (PKR-Kelana Jaya) who asked the Minister of Finance to explain the matter.
Answer the call 1MDB has a strong assets, such as land for development and Bandar Tun Razak Exchange Malaysia in Kuala Lumpur.
Other assets include land in Penang area of 94.69 hectares (234 acres) and 13 power and desalination plants in five countries.
"The value of the assets 1MDB supported by a valuation report or the books that have been certified by independent auditors (Deloitte)," according to the answer.
According to a written reply to Tony Pua Kiam Wee (DAP-Petaling Jaya) is also addressed to the Minister of Finance, the agreement between 1MDB and International Petroleum Investment Corporation (IPIC) is made freely, with commercial terms that are in accordance with market standards.
The information submitted by the management 1MDB to the Finance Ministry.
"The announcement will be made when appropriate final redemption value of options was completed and will be reported in the audited financial statements will come," said the reply.
Pua asking for 1MDB obtain guarantees from IPIC to publications bonds totaling US $ 3.5 billion, according to impose conditions that are so agonizing.
He also said the amount paid to redeem 1MDB options granted to a subsidiary of IPIC, Aabar Investments PJS.
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