Ni Hsin Berhad Annual Report 2018

3. Property, plant and equipment (continued) Company Motor vehicle RM’000 Cost At 1 January 2017/31 December 2017/1 January 2018 296 Disposal (296) At 31 December 2018 - Accumulated depreciation At 1 January 2017 61 Depreciation for the year 38 At 31 December 2017/1 January 2018 99 Depreciation for the year 39 Disposals (138) At 31 December 2018 - Carrying amounts At 1 January 2017 235 At 31 December 2017/1 January 2018 197 At 31 December 2018 - 3.1 Property, plant and equipment under the revaluation model Freehold land and factory buildings were revalued in the financial year ended 31 December 2016 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 (2017: RM11,445,000) and RM7,256,000 (2017: RM7,542,000) respectively. 3.2 Assets under finance lease Included in property, plant and equipment of the Group are motor vehicles under finance leases with carrying amount of RM579,000 (2017: RM199,000). 4. Investment property Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Cost At 1 January/31 December 1,333 1,333 1,333 1,333 Accumulated depreciation At 1 January (54) (27) (54) (27) Depreciation for the year (27) (27) (27) (27) At 31 December (81) (54) (81) (54) Carrying amounts 1,252 1,279 1,252 1,279 Notes to the financial statements (continued) Annual Report 2018 67