Ni Hsin Berhad Annual Report 2017

3. Property, plant and equipment (continued) Company Motor vehicle RM’000 Cost At 1 January 2016 232 Additions 64 At 31 December 2016/1 January 2017/31 December 2017 296 Accumulated depreciation At 1 January 2016 24 Depreciation for the year 37 At 31 December 2016/1 January 2017 61 Depreciation for the year 38 At 31 December 2017 99 Carrying amounts At 1 January 2016 208 At 31 December 2016/1 January 2017 235 At 31 December 2017 197 3.1 Property, plant and equipment under the revaluation model Freehold land and factory buildings were revalued in the previous financial year by independent professional valuers using comparison approach. Had the freehold land and factory buildings been carried the cost model, their carrying amounts would have been RM11,445,000 and RM7,827,000 respectively. 3.2 Assets under finance lease In prior year, included in property, plant and equipment of the Group are motor vehicles under finance leases with carrying amount of RM199,000. 4. Goodwill Group 2017 2016 RM’000 RM’000 Cost 5,105 5,105 Carrying amounts 5,105 5,105 Notes to the financial statements (continued) Annual Report 2017 64