200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 13. Right-of-use assets (cont'd) Land and Machinery and buildings equipment Total RM RM RM As at 1 January 2020 5,763,423 329,575 6,092,998 Additions (Note 24) 4,827,584 - 4,827,584 Depreciation for the year (Note 7) (3,249,498) (218,249) (3,467,747) Derecognition (1,585,120) - (1,585,120) As at 1 January 2021 5,756,389 111,326 5,867,715 Additions (Note 24) 2,330,445 56,967 2,387,412 Depreciation for the year (Note 7) (2,956,996) (133,325) (3,090,321) Derecognition (229,786) - (229,786) As at 31 December 2021 4,900,052 34,968 4,935,020 The details of lease liabilities in respect of right-of-use assets are disclosed in Note 24. 14. Investment properties 2021 2020 RM RM Cost At 1 January 327,444 4,165,900 Disposals - (3,838,456) At 31 December 327,444 327,444 Accumulated depreciation At 1 January 174,774 285,352 Charge for the year (Note 7) 6,549 53,439 Disposals - (164,017) At 31 December 181,323 174,774 Accumulated impairment loss At 1 January - 532,360 Disposal - (532,360) At 31 December - - Net carrying amount At 31 December 146,121 152,670 Represented by:- Buildings 146,121 152,670 Group Set out below are the carrying amounts of right-of-use assets recognised and the movements during the year: Fair value of the investment properties as at 31 December 2021 was RM667,000 (2020: RM900,000). - 64 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 Annual Repor t 2021 124
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