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SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 327

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

17 PROPERTY, PLANT AND EQUIPMENT (CONTINUED)
Furniture, Bearer
fittings, plants -
equipment Assets Oil Palm,
Freehold Plant and and motor under Rubber and
Group land Buildings machinery vehicles construction Mango Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
2020

Cost
At 1 January 2020 6,486 479,404 1,511,215 97,468 19,771 - 2,114,344
Additions - 8 1,557 894 27,584 - 30,043
Transfer from Assets Held for Sale (Note 29) - 7,530 1,621 2,958 - 73,572 85,681
Transfer to Assets Held for Sale (Note 29) - (7,526) (883) (2,205) - - (10,614)
Write-offs - (245) (8,222) (9,659) - (27,244) (45,370)
Disposal - (4) (737) (1,060) - - (1,801)
Reclassifications - 3,545 33,858 2,533 (39,936) - -
At 31 December 2020 6,486 482,712 1,538,409 90,929 7,419 46,328 2,172,283
Accumulated depreciation
At 1 January 2020 - 109,683 516,851 60,351 - - 686,885
Charge for the financial year - 11,388 55,766 6,175 - 1,512 74,841
Transfer from Assets Held for Sale (Note 29) - 4,278 1,440 2,628 - 1,111 9,457
Transfer to Assets Held for Sale (Note 29) - (4,774) (729) (2,083) - - (7,586)
Write-offs - (253) (7,024) (9,456) - - (16,733)
Disposal - (3) (710) (1,028) - - (1,741)
At 31 December 2020 - 120,319 565,594 56,587 - 2,623 745,123
Accumulated impairment
At 1 January 2020 - 20,489 108,197 1,880 1,461 - 132,027
Impairment loss charged in the financial year - - - - - 43,705 43,705
Reversal of impairment during the financial year - - (3,807) - - - (3,807)
At 31 December 2020 - 20,489 104,390 1,880 1,461 43,705 171,925
Net book value
At 31 December 2020 6,486 341,904 868,425 32,462 5,958 - 1,255,235
Included in the Group’s assets under construction during the financial year are finance costs capitalised amounting to
RM880,000 (2020: RM1,095,000) (Note 10) applying a capitalisation rate of 2.82% (2020: 3.36%).