Kimlun Corporation Berhad Annual Report 2017

Annual Report 2017 93 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 (cont’d) 12. Property, plant and equipment (cont'd) Assets held under the name of a joint venture company Included herein are motor vehicles with carrying amount of RM24,669 (2016: RM43,167) held under the name of a joint venture company. Assets held under finance leases During the financial year, the Group acquired property plant and equipment with an aggregate cost of RM59,278,207 (2016: RM8,584,420) by means of finance leases. The cash outflow on acquisition of property, plant and equipment amounted to RM18,764,143 (2016: RM14,947,161). The carrying amount of property, plant and equipment held under finance leases at the reporting date were as follows: Group 2017 2016 RM RM Plant, machinery and motor vehicles 56,705,566 20,100,991 Leased assets are pledged as security for the related finance lease liabilities (Note 24). Leasehold land is pledged as security for bank loans and borrowings (Note 24). 13. Investment properties Group 2017 2016 RM RM Freehold land and building, at cost At 1 January 5,637,194 327,445 Addition 2,574,750 5,309,749 Impairment loss recognised in profit or loss (Note 7) (210,120) - At 31 December 8,001,824 5,637,194 Fair value of the investment properties as at 31 December 2017 was RM10,026,000 (2016: RM6,060,000). 14. Other investments Group 2017 2016 RM RM Club memberships, at cost 75,000 75,000 Quoted equity shares: - Outside Malaysia, represents total financial assets at fair value through profit or loss 294,669 180,431 369,669 255,431 Fair values of these quoted equity shares are determined by reference to published price quotations in an active market.