MSM Malaysia Holdings Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 17 PROPERTY, PLANT AND EQUIPMENT Furniture, Bearer fittings, plants – equipment Assets Oil Palm, Leasehold Freehold Plant and and motor under Rubber and Group land land Buildings machinery vehicles construction Mango Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 2019 Cost At 1 January 2019 207,979 6,486 303,197 777,993 97,138 923,763 71,443 2,387,999 Effects of adoption of MFRS 16 (Note 41) (207,979) - - - - - - (207,979) At 1 January 2019, as restated - 6,486 303,197 777,993 97,138 923,763 71,443 2,180,020 Additions - - 73 1,351 1,012 19,129 2,129 23,694 Write-offs - - (3,224) (41) (66) (358) - (3,689) Transfer to Assets Held for Sale (Note 29) - - (7,530) (1,621) (2,958) - (73,572) (85,681) Reclassifications - - 186,888 733,533 2,342 (922,763) - - At 31 December 2019 - 6,486 479,404 1,511,215 97,468 19,771 - 2,114,344 Accumulated depreciation At 1 January 2019 25,362 - 104,555 458,110 55,604 - 506 644,137 Effects of adoption of MFRS 16 (Note 41) (25,362) - - - - - - (25,362) At 1 January 2019, as restated - - 104,555 458,110 55,604 - 506 618,775 Charge for the financial year - - 11,572 60,177 7,355 - 605 79,709 Write-offs - - (2,166) (39) (40) - - (2,245) Transfer to Assets Held for Sale (Note 29) - - (4,278) (1,397) (2,568) - (1,111) (9,354) At 31 December 2019 - - 109,683 516,851 60,351 - - 686,885 167 FINANCIAL STATEMENTS 08