SCC Holdings Berhad Annual Report 2019

notes to the financial statement 31 december 2019 (cont’d) 65 SCC Holdings Berhad | Annual Report 2019 4. Property, Plant and Equipment (Cont’d) (a) Assets pledged as securities to financial institutions The carrying amount of property, plant and equipment of the Group pledged to a licensed bank to secure the credit facilities granted to the subsidiary companies are disclosed in Note 20 to the financial statements: Group 2019 2018 RM’000 RM’000 Freehold land 1,143 1,143 Buildings 1,156 1,220 2,299 2,363 The utilisation of these credit facilities as at 31 December 2019 amounted to RMNil (2018: RM127,000). 5. Right-of use Assets Buildings Shoplots Total Group RM’000 RM’000 RM’000 2019 Cost At 1 January 2019, as previously stated - - - Effect of adopting MFRS 16 - 738 738 At 1 January 2019, as restated - 738 738 Additions 269 360 629 Exchange differences (2) - (2) At 31 December 2019 267 1,098 1,365 Accumulated amortisation At 1 January 2019, as previously stated - - - Effect of adopting MFRS 16 - 217 217 At 1 January 2019, as restated - 217 217 Charge for the financial year 109 226 335 Exchange differences (1) - (1) At 31 December 2019 108 443 551 Carrying amount At 31 December 2019 159 655 814