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 (CONTINUED) 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 Accumulated impairment At 1 January 2018 - - - 43 60 - - 103 Impairment loss – Transfer to Assets Held for Sale (Note 29) - - 1,321 - 69 - - 1,390 At 31 December 2018 - - 1,321 43 129 - - 1,493 Net book value At 31 December 2018 - 6,486 197,321 319,840 41,405 923,763 70,937 1,559,752 Net book value At 1 January 2018, as restated - 6,486 84,560 274,773 20,462 821,373 63,018 1,270,672 * Certain comparative figures as at 1 January 2018 has been reclassified between asset categories. These reclassifications do not have an impact to the net book value of property, plant and equipment. Included in the Group’s assets under construction during the financial year are finance costs capitalised amounting to RM7,670,000 (2018: RM23,056,000) (Note 10) applying a capitalisation rate of 5.34% (2018: 4.91%). MSM Malaysia Holdings Berhad | Annual Report 2019 170